- Verasity trades inside a descending wedge after a prolonged corrective phase.
- Key support at $0.0020 could trigger a bullish breakout or steep decline.
- RSI recovery hints at momentum shift; traders await breakout confirmation.
Verasity — VRA, has reached a boiling point. After months of slow bleeding, this token now tightens inside a descending wedge. Every movement on the chart feels like a deep breath before something major. Whether that move brings relief or more pain—that depends on what happens next. The chart doesn’t lie. And right now, a decision seems near. One side will take control soon. The only question left is: which one?
Buyers Show Signs of Life as Pressure Builds
On the 4-hour chart, VRA tells a story filled with highs, lows, and a whole lot of waiting. A five-wave impulsive rally ended on December 3, 2024, with a peak at $0.0080. That was the high point before sellers dragged the price into a steep correction. Since then, price has stayed trapped inside a narrowing wedge. Tension builds with every passing candle. This pattern isn’t random. Each leg of the correction fits an ABCDE structure. The final leg, wave (e), just tagged the wedge’s lower boundary near $0.0020.
That level holds weight. It marks a zone where serious buyers have stepped in before. History may not repeat, but sometimes it rhymes. A drop below $0.0020 could send prices straight to $0.00157—or even deeper toward $0.00131. That’s the risk. But there’s also promise. The Relative Strength Index sits near oversold territory. That often marks a turning point. Bears may be running out of steam, giving bulls a shot at redemption.
Will the Wedge Break? Momentum Says Maybe
Verasity’s 1-hour chart offers a clearer view of what’s unfolding. The top of the wedge sits around $0.0022. That line acts like a ceiling—break it, and the whole setup changes. A move above $0.0026 would add serious fuel. That would suggest strength returning. Momentum could then push toward $0.00345, where strong resistance waits.
Volume plays a key role here. If buyers return with force, this breakout could turn into something much bigger. A new five-wave rally may begin—full of short-term spikes and long-awaited confidence. But danger still lurks. A weak bounce followed by a rejection could trigger a breakdown. Fibonacci levels hint at possible support zones between $0.00157 and $0.00131. The market rarely forgives hesitation in these moments.
This isn’t just another sideways chop. This pattern reflects exhaustion, anticipation, and the hunger for direction. Momentum tilts in favor of a breakout, but confirmation remains the missing piece. Traders should keep eyes on the wedge lines, volume spikes, and RSI movement. A strong push upward could flip sentiment fast. But if sellers win this battle, lower prices may come quick.
