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After a strong upward wave, $VANRY entered a short descending channel instead of a direct collapse. This is not a random move, but rather often reflects gradual profit-taking while the market tests whether demand still exists.
Currently, the price is approaching a support zone that intersects with the 200 EMA, while the overall structure continues to record higher highs and higher lows on the short-term frame, which means that the uptrend has not been broken yet.
But there is a clear condition...
I will not consider the correction over just by touching the support, but rather when the price successfully breaks the upper boundary of the descending channel and closes above $0.00480. At that point, we will have the first evidence of a return of buying momentum.
If that happens, the logical targets become:
🎯 0.00493 → 0.00528 → 0.00563
As for a clear close below $0.00380, it will invalidate the idea that what we are seeing is just a correction, and indicate that sellers have regained control in the short term.
$VANRY