Vanar Chain Price Prediction: 2024, 2025, 2030

VANRY price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the daily chart revealed the lowest price floor for VANRY to be at $0.14.
• Furthermore, the probable peak resistance can be anticipated at around $0.34.

2. Market sentiment

• The overall market sentiment is seen to be bullish in June 2024.

3. Predictive forecasts

• Our AI/ML predictive algorithms project VANRY to attain an average value of $20 by 2029 and $1,700 by 2035.

Stay informed on VANRY’s growth trajectory via a comprehensive daily technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

VANRY price analysis: Bulls remain strong amid market adversities

The Vanar Chain price prediction for 2024 is based on an intricate analysis of VANRY's daily trading activities, delving deeper into factors like volatility, trader involvement, and the overall cryptocurrency market sentiment.

The analysis started with VANRY stabilizing at its lowest support, $0.14, while facing rejection at $0.16 in mid-April. This low point propelled a rebound as the token flipped the latter to test $0.19 in late April. 

The buying sentiment waned as quickly as it emerged, culminating in another rejection. Consequently, the altcoin retraced back to the lowest floor in May. The following restest was met with a similar fate. Notably, the price didn’t stoop to previous lows this time, as $0.16 managed to hold off declines.

By mid-month, the bulls set to challenge $0.19 again. Nevertheless, it was only later in the month that the price overcame this level, marking a significant milestone. With higher highs and higher lows, VANRY slightly surged past the peak chart resistance at $0.23 in June. 
 

A drop followed this peak, bringing the token to trade at $0.22. According to CoinMarketCap, the token witnessed a 12% appreciation in value over the past month.

If the bulls continue to rise and flip the current resistance, the token will likely target $0.25 in the short-to-medium term. A continued uptrend by the token in the face of adversities can result in it surging higher to challenge $0.31. Overcoming this would leave $0.34 as the only probable resistance between VANRY and its all-time high (ATH).

Notwithstanding, if bearish sentiments dominate the market once again, the token might fall below $0.21. If the base at $0.19 is breached, it will indicate the beginning of a downtrend. This could lead to further declines and increased selling pressure.
 

Building on the ongoing uptrend, our predictive models envision an optimistic future for VANRY. Based on the predictions, the asset can reach an average value of $20 by 2029. This is expected to increase 8400% to $1,700 by 2035.

VANRY's 2024 roadmap: Key indicators to watch and trade

• The Chaikin Money Flow (CMF) briefly registered positive values in late April and early May, coinciding with the price rallies. After remaining below the zero line from the end of the first week of May, the indicator finally moved above it in June. 
• At press time, it was recorded at its highest value, 0.07. This reflected strong buying pressure, with traders accumulating the asset.
• The Moving Average Convergence Divergence (MACD) line remained below the signal line, with both lines positioned below the zero line. Furthermore, the MACD line was dominant in late April as both lines started moving upward.
• This ascension culminated in the MACD line crossing above the zero line in mid-May, followed shortly by the signal line. As the analysis concluded, the uptrend strengthened, with the MACD at 0.0119, the signal line at 0.0088, and the histogram at 0.0031.
• The trading volume closely followed the price movements. Modest recoveries supported price rallies, validating the bullish trend.