VRA Technical Analysis in Weekly Timeframe

25 Jul

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Now, let’s dive into this chart analysis:

The VRA/USDT chart on a weekly timeframe showcases a clear long-term downtrend. The support range between $0.00204 to $0.00360 is crucial for the next directional move.

A successful hold above this range and a breakout above the 50 EMA and Resistance trendline can trigger a strong uptrend of 40x gain, targeting the all-time high.

However, let us remain cautious of a break below the support, which would invalidate the bullish outlook.

Key Levels:

- Support/Entry: $0.00204 to $0.00360.
- Resistance: Around $0.0075.
- Invalidation Point: A close below the $0.00204 support level.

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