Vana Price Prediction: VANA Drops 4% As This Crypto Wallet Token Raises Over $4.6 Million In Presale
Release: 2024/12/17 14:24 Reading: 341
Vana Price Exhibits Persistent Bearishness
The Vana price has experienced a sustained downtrend, dropping 4% in the past 24 hours to trade at $22.93 as of 11:14 p.m. EST. This decline has been accompanied by a significant surge in trading volume, reaching $2.8 billion.
Technical Analysis
The sharp upward spike and subsequent collapse have resulted in the formation of a rounded bottom pattern, with the price recovering to $36. However, the bullish momentum has faltered, leading to a steep decline and a current trading price of $22.93.
The Vana price has fallen below the 50-day SMA ($29.77), indicating a strong bearish sentiment. Consolidation is occurring in the $22.00–$23.00 range, where short-term support may emerge.
The Relative Strength Index (RSI) stands at 26.32, deep in oversold territory. This suggests excessive selling and a potential short-term bounce or relief rally.
If selling pressure persists, the price could break below the $22.00 support, potentially reaching $20 or lower.
Conversely, given the oversold RSI and recent decline, a short-term recovery rally could occur, driven by buyers pushing the price towards the $26–$28 range.
Presale Update: Best Wallet ($BEST)
Investors have been actively participating in the presale of Best Wallet ($BEST), which has raised over $4.6 million to date. The platform offers a range of features, including:
- Multi-chain
- Non-custodial
- No-KYC
It also provides exclusive tools such as "Upcoming Tokens," which allows users to participate in high-potential presales.
Traders can stake BEST tokens for a considerable annual percentage yield (APY) of 524%. The current price of $BEST is $0.023225.
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