Technical analysis by SBILLONES about Symbol VRA on 5/10/2025

The VRA/USDT chart displays a strong bullish structure following a clean bounce from the 1.618 Fibonacci extension, likely marking the end of Wave C. The price has reclaimed the 1.267 Fib level and is forming higher lows, indicating a potential start of Wave 3. RSI remains above its moving average, suggesting strengthening momentum, while MACD has crossed bullish with a rising histogram. Current resistance lies near the 0.618 retracement zone of the prior drop. As long as price holds above the 0.00200 support zone, the bullish wave count remains valid and may target 1.618 extension near 0.00245 next.