- Summary:
- Verasity price is having a major correction but the weekly closure will decide the direction of the next rally.
Verasity (VRA) price is making waves as investor interest increases in altcoins. After a strong price surge, the coin is taking a breather. However, the outlook might remain bullish if bulls hold a major level on the weekly chart.
Despite an 8.87% drop on Tuesday, there is a strong possibility of a bullish continuation in VRA price next week. For this purpose, you need to closely watch this week’s candle closure which must be above a particular level to aim for more upside.
On Tuesday, the crypto markets were jolted by the news of the Binance CEO stepping down. Bitcoin price dropped below $37,000 on the news as Changpeng Zhao is widely considered one of the most influential persons in the whole crypto industry.
This also led to a major plunge in the VRA crypto, which dipped below its previous range highs. However, bulls may have nothing to worry about if the weekly candle closes above $0.00768. This means the next 48 hours will be very crucial for Verasity price.
I will keep posting my updated analysis on Versity on my X (Twitter) account, where you can follow me.
