📉 Moving Averages (MA)
The moving averages show a slight "bearish lean" for short-term traders but a "bullish foundation" for long-term holders:
Short-Term (MA5, MA10, MA20): All currently acting as Resistance (Price is below these levels). Traders are looking for a break above $0.00631 to confirm a short-term reversal.
Medium/Long-Term (MA50, MA100): These are currently acting as Support near $0.00621. As long as the price stays above this, the structural "buy" sentiment remains intact.
🎯 Key Levels to Watch
Immediate Resistance: $0.00635 — Breaking this would likely trigger a test of the $0.00670 zone.
Major Support: $0.00600 — This is the psychological floor. A daily close below this could lead to a deeper drop toward the recent low of $0.0049.
Traders' Tip: The recent "rejection" below the MA60 line (around $0.00624) suggests there is still some selling pressure, but the steady volume indicates that "Smart Money" is likely accumulating at these lower levels.@Vanarchain #vanar $VANRY