- RSI confirms strong momentum but warns of near-term pullback risk.
- $0.00155 acts as short-term resistance on 4-hour price chart.
- Widening pattern projects steep upside if support levels hold firm.
Verasity (VRA) is attracting investor interest following a sharp price breakout and bullish chart signals. Crypto Dream recently shared on Twitter that Verasity is forming a widening structure resembling a “gramophone” pattern. This technical formation typically signals an upcoming breakout after expanding price swings.
VRA is currently rebounding off the lower trendline of this pattern, implying a possible reversal and rally. The projected trajectory targets the $0.055 level, where previous support turned into resistance. If price action aligns with Verasity’s underlying fundamentals, this move could deliver over 220% upside.
Strong Momentum on 4-Hour Chart Supports Further Upside
The 4-hour chart shows VRA trading at $0.001461, marking a 7.19% gain in the current session. The price has broken above the near-term resistance at $0.00140, now acting as immediate support.
Technical indicators suggest ongoing bullish strength, with the Relative Strength Index (RSI) at 65.46. This level indicates strong momentum, though it is nearing overbought territory.
The next resistance is positioned at $0.00155, a level that capped previous advances. Analysts note that if the RSI overheats, a minor pullback toward support may occur before a continued upward push.
Daily Chart Confirms Bullish Trend Shift and Breakout Zone
On the 1-day timeframe, VRA is trading at $0.001429 after an 11.47% daily increase. The asset has broken above short-term consolidation, indicating a possible trend reversal. Support has been established at $0.0012, which previously served as resistance. This breakout signals strengthening bullish control, with eyes now on the $0.0016 resistance zone.
The daily RSI stands at 58.91, reflecting rising buying pressure without entering overbought territory. Market observers suggest that holding above support levels could open the path to higher resistance targets in the coming days.
Verasity’s current chart structure and trading behavior suggest a potential bullish continuation. If key resistance levels break, and volume sustains, further upside toward $0.055 remains plausible.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
