Verasity (VRA) has come out as an exceptional performer, attracting investors’ attention with its astonishing strength and gains in price. In addition, for the past week, VRA surged almost 50%, demonstrating its adaptability in crypto volatility. Not only this but also during the recent month it showed strong growth gaining almost 105%.
EGRAG CRYPTO, a renowned crypto analyst has shed more light on further upwards potential for VRA particularly highlighting Verasity Launch pad. The analyst pointed out that it could increase significantly proposing if VRA closes above “Verasity Launch Pad” monthly candle pump can result to even 3000%.
Technical analysis supports this bullish sentiment, with indicators signaling that VRA is poised for a breakout, particularly with the monthly candle opening above Fib 0.382. The prospect of a close above Fib 0.5 (equivalent to $0.013) could further fuel the momentum for VRA.
Verasity (VRA) Short-term Price Forecast
As of the time of reporting, Verasity is trading at $0.010522 with a 24-hour trading volume worth $39.48 million and market capitalization amounting to $107.85 million. Notably, the VRA price has witnessed a notable uptick of 10.01% within the last 24 hours alone.
Looking ahead, current price predictions for Verasity (VRA) paint a positive outlook. Coincodex predicts that VRA will rise by 22.47% to around $0.012685 by March 6th, 2024. Also, sentiment indicators are supportive, the Fear & Greed Index at 80 means investors are excessively greedy.
Moreover, technical indicators from Coincodex show that Verasity’s 200-day Simple Moving Average (SMA) may be rising and can reach approximately $ 0.007320 by March 31.
Moreover, its short-term 50-Day SMA is estimated to be around $ 0.010611 by the same date. Currently, RSI stands at 83.36, which suggests that the VRA market is presently overbought.
Recent performance for Verasity has demonstrated that it could possibly be an attractive investment opportunity in the cryptocurrency market space. VRA continues to make headlines as one of the best performing digital assets in the market with bullishness prevailing and technical indicators suggesting more upside potential.
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