$VANA bulls are absorbing the selling pressure
Target Price & Next Move
Looking at the current candle at $1.518, here is the forecasted move for the next few 4H sessions:
The Immediate Target: $1.55 – $1.57
The price is currently trending toward the upper boundary of the recent local range. However, without high-volume momentum, it is unlikely to break the $1.65 resistance on the first try.
The "Wick" Rejection: Notice that massive upper wick reaching up to $1.658. This shows a heavy concentration of "sell" orders at that level. Every time the price attempts to break into the $1.60s, it is being pushed back aggressively.
The Support Floor: $VANA have a clear horizontal support zone around $1.40. The price touched $1.398 and saw an immediate "V-shaped" recovery. This tells us that institutional or campaign-driven buyers are protecting the $1.40 area
Higher Lows: Despite the rejection at the top, the last three green candles are forming a series of "Higher Lows" compared to the drop at $1.398. This suggests that the bulls are gradually absorbing the selling pressure.