#vanar $VANRY
the 1H timeframe, $VANRY /USDT is currently trading around 0.006007 after rejecting the 24h high at 0.006508. We saw a strong impulsive bullish candle that pushed price aggressively upward, followed by a sharp rejection wick and immediate pullback. This kind of structure usually signals short-term exhaustion after a liquidity grab above resistance.
The Parabolic SAR has flipped above price (0.006329), indicating short-term bearish pressure. Volume spiked heavily during the breakout candle, but follow-through buying was weak, suggesting that the move may have been driven by short covering or a momentum burst rather than sustained accumulation.
Right now, price is consolidating around the 0.00600 psychological level. Immediate resistance sits at 0.00630–0.00650, while support is near 0.00585–0.00590 (recent intraday low zone). If bulls reclaim 0.00630 with strong volume, we could see another attempt toward 0.00650+. However, failure to hold 0.00600 may open the door for a retest of lower support levels.
Overall bias: short-term neutral to slightly bearish unless buyers step back in with volume. Always manage risk and wait for confirmation.