Verasity (VRAUSD) Price to Retest the $0.011378 Supply Value
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Verasity (VRAUSD) Price Forecast: February 16
VRAUSD price might likely rise to retest the $0.01137 supply value if the forces from buyers in the market should increase and the current support t level at $0.00864 holds.
Key Levels:
Resistance Levels: $0.01000, $0.01100, $0.01200
Support Levels: $0.00950, $0.00945, $0.00935
VRA (USD) Long-term Trend: Bullish (Daily Chart)
Verasity is in a bullish trend market in its long-term view. The coin price showed evidence of bullishness and a surge above the moving averages, this is an indication of growth in bullish momentum.
The coin has been having a series of higher highs and higher lows in the previous action and has enabled the price to remain stable above the supply trend levels in its recent high.
Today, despite the moves by the sell traders, the price of VRAUSD remains in an uptrend at the $0.01006 value which further increases to the $0.01019 supply mark which is above the moving averages which are fanned apart. An indication of high buying pressure.
Further, there is likely to be a further breakout attempt soon as the price of Verasity now points upward. If the bulls could change their orientation and push harder, the next bullish race may possibly retest the $0.01137 previous trend line in the coming days in its higher time frame.
VRA (USD) Medium-term Trend: Bullish (4H Chart)
In the medium-term time frame, the currency pair is trading in a bullish trend market zone. The price has been in a bullish rally in the past few minutes and from the look of it, it will keep rising further.
The market price of Verasity at a $ 0.01001 low level above the moving averages indicates that the bulls are on top of the market at the moment.
Hence, we have a bullish bias that the coin price will rise further to the upside if the buying pressure should increase. If this is achieved, the price of VRAUSD might increase further to retest the $0.01137 supply value in the coming days in its medium-term outlook.
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