Be careful when trading it because the currency has collapsed before... Additionally, it is classified as one of the club currencies, so its movement might be opposite to the market and drop when it rises 🫡
⭕ Any additional drop below one dollar is tempting for buying the currency, especially if one can hold it for the next cycle
◀️ Two support ranges: ⭕ First range is moderate above $1.00 between 1.275 - 1.09 ⭕ Second range, which is the most important and prominent, between 0.8237 - 0.6586 is very good for buying if it drops towards it
◀️ The key to the currency's recovery, if this larger drop does not occur, is through 1.620
........ Vanar (VANRY): A blockchain for real-world use
The Vanar (VANRY) project is a first-layer (L1) blockchain focused on real-world usage instead of promises, especially in the fields of gaming, the metaverse, and artificial intelligence.
Vanar aims to facilitate ordinary users' entry into the Web3 world through fast transactions, low fees, and a simpler user experience for developers and players.
What sets the project apart is the existence of products that actually work, such as:
Virtua: A metaverse and NFT platform
VGN: A network dedicated to Web3 gaming
The VANRY token is used to operate the network and support its applications, and its value is tied to the level of adoption of the ecosystem.
Vanar is not a media hype project, but a serious attempt to build a blockchain that serves the real user. Success depends on actual adoption, not speculation. ........
Vanar (VANRY): A Layer 1 blockchain betting on real use cases
In a market filled with blockchain projects that raise big slogans without actual implementation, the Vanar (VANRY) project comes as a serious attempt to build a Layer 1 blockchain aimed at real-world usage, not just speculation.
What is Vanar?
Vanar is an L1 blockchain specifically designed to support:
Strong upward trend Reached areas of strong buying saturation on all time frames: daily, weekly, monthly, and it should have corrected by all measures
The correction occurred and was violent and severe; in one day it lost more than 10%, and these are abnormal figures for gold
The correction is healthy and natural, stopping at the midpoint of the channel and at the 21-day average, which are good signals The trend remains strong and upward, and we are monitoring the level 4750-4700; any daily close below it will lead us to the stronger area 4500-4400
A rebound from the current levels and not breaking 4700 with a daily close, we monitor the level 5100-5200, and once this level is regained, we can assert that the correction has ended
If you are a trader, every small movement in gold will matter to you If you are an investor and hold physical gold (you have bars, ounces, or jewelry), gold is rising strongly, and the global situations of tensions, economic problems, and wars will drive it to further increases
Personally, I see gold on the medium and long term rising to 6500-7500, and if a financial crisis occurs and the dollar collapses, targets could extend above ten thousand
In the short term, it is undergoing a price correction that may extend to levels 4500-4300-4100, and in the worst case 3600, after which there will be a very strong rise
You are an investor and have gold; buy on every drop at the previous levels You are a trader; respect the trend and adhere to stop-loss and risk management.