$VANRY Y/USDT – Daily Timeframe Breakdown 📊
$VANRY is currently trading around 0.006099, reflecting continued weakness on the daily timeframe. After an explosive rally that pushed price toward the 0.012200 region, the market faced strong rejection at the top and entered a clear corrective phase. Since that peak, the structure has shifted into a consistent pattern of lower highs and lower lows, confirming bearish market control. The Parabolic SAR remains positioned above the candles, reinforcing downside momentum and signaling that sellers still dominate the higher timeframe trend.
The sharp spike in volume during the previous rally suggests that significant distribution may have occurred near the highs. Following that move, buying pressure has steadily declined, and recent candles show limited bullish strength. The drop toward the 0.0049 area marked a strong selloff, after which price began consolidating near the current range. This consolidation phase indicates temporary equilibrium between buyers and sellers, but the broader trend still leans bearish unless a clear reversal pattern forms.
From a technical perspective, the 0.0058–0.0049 zone is a critical demand area. This region previously attracted buyers and could act as a short-term base if defended properly. As long as price holds above this support cluster, the possibility of a relief bounce remains valid. A short-term recovery could push $VANRY Y toward the 0.0077 resistance, followed by the 0.0093 supply zone, where prior breakdown occurred. These levels will likely attract selling pressure again unless strong bullish volume accompanies the move.
However, if price fails to hold above 0.0058 and daily candles close decisively below support, the bearish continuation scenario strengthens. A breakdown could trigger further downside momentum as weak hands exit positions and sellers regain control. In that case, market participants should monitor volume closely to confirm the strength of the move.
For bulls to regain momentum, VANRY needs a solid daily close above 0.0077, followed by a break in market structure that invalidates the lower high formation. Without that shift, the overall trend remains corrective. Patience is essential in this type of structure, as premature entries against the dominant trend carry higher risk.
At this stage, the chart reflects a market attempting to stabilize after a major retracement. Whether this becomes a long-term accumulation phase or simply a pause before further downside depends heavily on volume behavior and reaction at key levels. Traders should focus on confirmation signals rather than anticipation.
Key Technical Levels:
Support: 0.0058 / 0.0049
Resistance: 0.0077 / 0.0093
Risk management remains crucial in volatile altcoins like VANRY. Always wait for confirmation and manage exposure wisely.
