Amidst the downturn of major altcoins, Vana (VANA), the token of a new EVM-compatible blockchain network, has shown strong growth, gaining 9% over the past 24 hours.
Key Price Changes of VANA
VANA's price has seen significant fluctuations, reaching a high of $35.80 before sharply correcting to $15. However, the token has shown a solid reversal, climbing back into an important resistance zone between $19.68 and $22.42. Currently, VANA is trading at $20.62, positioning itself at the lower end of this zone.
Forecast and Expectations
If VANA continues this momentum and manages to break above the $22.42 level and sustain it, the token could aim for its next resistance levels of $29 and $35.80, representing a potential 60% increase from the current zone's high.
What's Next for VANA?
The future of VANA largely depends on broader market conditions. Currently, Bitcoin (BTC) is experiencing a 1.60% decline. A recovery in Bitcoin's price could help spark a rally for altcoins, including VANA, allowing it to break through its resistance and continue its upward trend.
Despite the downturn in the cryptocurrency market, VANA is exhibiting positive momentum, suggesting potential for further growth if current conditions persist.
