Verasity Price Analysis: Reclaiming The $0.04 Mark VRA Token Hints More 28% Growth
The Verasity token shows V-top bearish reversal in its technical chart. This recent price retracement took a considerable toll on the token by losing around 63% of its value. The token price plummeted to $0.031 and currently shows recovery signs at this support.
VRA/USD Daily Time Frame Chart
Past Performance or Trend
The Verasity token price experienced a roller-coaster ride in these last three, where the token made a huge rally of 240% in Uptomber. Still, after hitting the $0.876 mark, the token entered a correction phase and almost lost all its gain in November and December. The token price plunged to the $0.031 support and is currently obtaining strong demand near this level.
Veracity Token Attempts To Reclaim The 200-day EMA
The VRA token plummeted to the $0.031 support about a week ago, and it spent this time identifying sufficient support from this level. On December 23rd, the pair gave a huge bullish candle of $18.5% gain, trying to breach the nearest resistance level of $0.4.
The token managed to provide a daily candle closing above this level; however, the breakout was not so prominent, and therefore the traders will require more confirmation to obtain a long entry signal. Today, the price is in a retest mode and which should confirm if this breakout is genuine or not.
By press time, the VRA token is trading at $0.039, with an intraday loss of 1.7%. The 24hr volume change is $101.9 Million, indicating an 84% hike. According to the Coinmarketcap, the token stands at #382 rank with its current market cap of $182.9 Million (+5.33).