Verasity (VRA) is a blockchain-based project focused on digital advertising and e-commerce solutions. This analysis explores its recent market performance, technical indicators, and potential price trajectories based on available data.
Recent Price Performance
The current price of one Verasity (VRA) coin stands at $0.00118, reflecting a 10% increase over the last 24 hours. Historical data indicates that on 46.83% of trading days, VRA has closed above its opening price.
The all-time high for VRA was recorded at $0.0811, achieved over three years ago. The current price represents a decline of approximately 98.55% from that peak.
Technical Analysis Overview
A review of 17 technical indicators reveals a mixed sentiment:
- 5 indicators suggest a buy signal
- 7 indicators suggest a sell signal
This collective data points to a short-term bearish prediction based on technical price analysis. For a significant upward trend to continue, VRA would need to close above a major resistance level at $0.0562.
Key Momentum Indicators
The 14-day Relative Strength Index (RSI) is currently at 51.73. This value suggests the market is in a neutral state, meaning VRA is neither overbought nor oversold. The weekly RSI reading of 45.63 further confirms these neutral market conditions.
Analysis of exponential moving averages (EMAs) on the daily chart presents a bearish signal. While the current price sits above the 10-day EMA, it remains below the 20, 50, 100, and 200-day EMAs, indicating prevailing selling pressure.
Historical Monthly Performance
A historical review of VRA's monthly performance over the last seven years reveals seasonal trends:
- July: The closing price was higher than the opening price only 2 out of 7 times.
- February: This has been the strongest month, with the price ending higher than it started in 5 out of the last 7 years.
- May: This has been the weakest month, with the price closing lower than it started all 7 times.
Previous Market Cycles
Verasity has experienced three notable bull runs:
- The first all-time high (ATH) of $0.00151 was reached in June 2019.
- The most recent bull run culminated in November 2021, which remains the absolute ATH. Over 1340 days have passed since that peak.
These cycles often involved significant price corrections followed by extended periods of consolidation before reaching new highs.
Verasity (VRA) Price Predictions
Price forecasting is inherently speculative and should be treated as such. All values are estimates based on historical data and technical models.
Short-Term Forecast (Next 10 Days)
Based on current momentum and technical models, VRA could potentially reach approximately $0.00128 in the next ten days.
Long-Term Price Forecasts
Long-term predictions attempt to project potential price ranges based on various market scenarios and growth assumptions.
- 2025 Prediction: The maximum expected price is $0.0757**, with a minimum of **$0.0483. The anticipated trading range for the year is between these two values.
- 2026 Prediction: The forecast suggests a maximum price of $0.0579** and a minimum of **$0.0487.
- 2030 Prediction: Looking further ahead, some models project a potential value of $0.1756.
- 2040 Prediction: Based on extrapolated long-term trends, a value of $0.6128 has been suggested.
It is crucial to remember that these long-term figures are highly speculative. The cryptocurrency market is volatile, and prices are influenced by a vast array of unpredictable factors, including global regulations, technological advancements, adoption rates, and overall market sentiment.
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Frequently Asked Questions
What is Verasity (VRA) used for?
Verasity is a blockchain protocol designed to bring transparency and efficiency to the digital advertising and e-commerce industries. Its technology aims to prevent ad fraud and reward users for engagement.
How accurate are these VRA price predictions?
All price predictions, especially long-term ones, are highly speculative and based on mathematical models analyzing past data. They cannot guarantee future results due to the extreme volatility of the cryptocurrency market.
What does a bearish short-term sentiment mean?
A bearish sentiment from technical indicators suggests that, in the immediate future, selling pressure may outweigh buying pressure, which could potentially lead to a price decrease or consolidation.
Why is the RSI indicator important?
The Relative Strength Index (RSI) helps identify whether an asset is overbought (typically above 70) or oversold (typically below 30). A neutral RSI, as currently seen with VRA, suggests a balance between buyers and sellers.
What is a key resistance level?
A resistance level is a price point that an asset has struggled to break above in the past. For VRA, $0.0562 is identified as a major level it needs to close above to signal a potential stronger upward trend.
Where can I conduct further research?
It is essential to do your own research (DYOR). 👉 View real-time market analysis tools to analyze trends and make informed decisions. Always consult multiple sources before making any investment.