#vanar $VANRY

What could affect the future price of VANRY?

Consideration for 12s

Sure, let's analyze the factors that may influence the future price of Vanar Chain (VANRY), highlighting potential catalysts and risks. To this end, we have gathered relevant information from various sources, including technical data, news, social media, and the overall market scenario.

Utility and Technological Development

The VANRY token is used for transaction fees (gas fees), staking, and rewards within the Vanar Chain ecosystem. The team is developing important products, such as Axon and Flows, which may increase network adoption. Additionally, the launch of Neutron, an artificial intelligence-based compression solution, promises to solve real issues of decentralized storage, making Vanar more competitive in the market.

These technological advancements are crucial, as greater use and integration of the network tend to generate demand for the token, positively impacting its price.

Technical Analysis

Currently, the Relative Strength Index (RSI) is around 57.49 for a 14-day period, indicating a neutral condition — neither overbought nor oversold. The MACD histogram is positive, suggesting a bullish momentum in the short term. However, the 200-day moving average is at $0.0207, above the current price of $0.0109, which may indicate a downward trend in the long term unless there is a significant breakout.