#varnry @Vanarchain $VANRY Vanar Chain (
$VANRY ) has recently shown a strong upward move in the crypto market. After spending a long time moving sideways, the price finally broke above an important resistance level. This breakout has changed the overall trend from neutral to bullish.
Accumulation Before the Move
Before this rally, VARNRYwas trading in a tight range for many days. During this phase, selling pressure became weak while buyers slowly started building positions. This period is called accumulation, where smart money prepares for the next move.
Breakout With Volume
The major reason behind the strong upward movement is a clear breakout with high volume. When price breaks resistance and volume increases, it shows that buyers are confident and in control. This is a strong technical signal that often leads to further upside.
Bullish Market Structure
After the breakout,
$VANRY started making higher highs and higher lows, which is a classic sign of a bullish trend. Old resistance has now turned into support, increasing the chances of price continuation toward higher levels.
Trade Perspective
As long as VARNRY holds above its support zone, the bullish trend remains valid. Small pullbacks are normal and healthy in an uptrend. Proper risk management and patience are key while trading such moves.
Conclusion
In simple words,
$VANRY is moving up strongly because of accumulation, breakout, and strong buyer momentum. If the price continues to stay above support, further upside is possible. Always remember that the crypto market is volatile, so trade responsibly.