Recent analysis links the price movements of Verasity (VRA) with global M2 liquidity data. VRA prices often rise in response to increasing money supply, indicating potential market trends.
Potential Correlation Between VRA and M2
Data analysis from analyst Egragcrypto indicates that the price movements of VRA align with M2 liquidity trends. The chart comparing VRA prices and global money supply shows that VRA prices significantly increased when M2 rose, notably in April 2021.
Current Support for VRA and Price Patterns
The current price of VRA stands at $0.001360, close to its previous support level at $0.001800. Analysts have identified two double-bottom patterns, which require volume confirmation to evaluate possible upward price trends.
Upside Potential for VRA with M2 Stabilization
The study also indicates that if global M2 liquidity continues to stabilize, it may facilitate a new upward price movement for VRA, approaching early 2023 levels. Risk assessment and trading volumes will be crucial for understanding future market direction.
The correlation between Verasity prices and M2 dynamics presents intriguing opportunities for price movement analysis. Current conditions may become significant for traders in the coming months.
