The decline in VANRY does not look like a low-participation pullback: while the price is down 37.1% over 24 hours, spot volume increased by 492.5%.
Moreover, 62% of taker trades took place in the sell direction. This picture suggests that rising activity is not producing buyer confirmation and that the drop is supported by real sell flow; however, one cannot conclude that a bottom has formed by itself or that the selling has ended.
The key to watch is whether the VANRY price can find balance in the next candles as selling volume declines.
Moreover, 62% of taker trades took place in the sell direction. This picture suggests that rising activity is not producing buyer confirmation and that the drop is supported by real sell flow; however, one cannot conclude that a bottom has formed by itself or that the selling has ended.
The key to watch is whether the VANRY price can find balance in the next candles as selling volume declines.