Technical analysis by ItsNickHaze about Symbol VRA: Buy recommendation (10/2/2025)

As of October 2, 2025, Verasity ( VRA ) is trading at approximately $0.0012 USDT, with a market cap of around $11.6-11.8 million and 24-hour trading volume exceeding $17 million. The token has shown modest short-term gains, up about 0.6% in the last 24 hours and 4.6% over the week, but it's down 6-14% monthly and over 60% year-to-date. This places VRA deep in a multi-year downtrend since its all-time high (ATH) of $0.0874 in October 2021, but recent chart patterns and indicators suggest potential for a reversal if bullish catalysts emerge. Sentiment on platforms like X (formerly Twitter) is mixed, with some highlighting a "bullish weekly close" and reversal candles, while others note failure to break $0.0013 and ongoing token unlock pressures. VRA 's fundamentals revolve around its video-sharing platform with blockchain-based ad tech and esports integrations, but price action has been weighed down by high token supply (over 9.9 billion circulating out of 10.3 billion total) and gradual unlocks, which could add selling pressure. That said, historical cycles show explosive potential— VRA surged 36,859% in a prior bull run and 10,476% against BTC in 2021. If altcoin season ramps up in 2025 amid broader crypto recovery (e.g., post-rate cuts), VRA could outperform as a low-cap play. #### Overall Chart Structure and Technical Setup On the daily and weekly timeframes (VRA/USDT and VRA/BTC pairs), VRA appears to have completed a deep multi-year correction from its 2021 peak, forming a potential bottom around $0.0010-$0.0012. This aligns with an Elliott Wave corrective pattern (ABC decline) or a harmonic setup, with recent price action breaking above descending trendlines on the daily chart. Volume has been elevated since late 2024, with bullish bars outpacing bearish ones near lows, indicating accumulation. Technical indicators are mixed but leaning neutral to sell overall: - **Oscillators (RSI, Stochastic, MACD):** Neutral, with recent sharp upside breaks in momentum indicators suggesting early bullish divergence. RSI (14) likely hovers around 40-50, not oversold but poised for a push above 50 on a breakout. - **Moving Averages (MAs):** Strong sell signal currently, but VRA recently closed above EMA50 and EMA100 on the daily, confirming medium-term bullish activation. The 200-day SMA is projected to rise toward $0.0015 soon. - **Other (CCI, PPO, Bull/Bear Power):** Show buy signals and hidden bullish divergences, supporting reversal potential. The weekly chart shows a reversal candle with a bullish close, potentially ending the bearish cycle that's lasted over 1,100 days (nearly 3x the 2021 bull run duration). Against BTC, VRA is testing key Fib resistances from ATHs, with a breakout above 0.00000095 BTC signaling new highs. #### Bullish Scenario In a bullish case, VRA could initiate a multi-wave rally if it holds current support and breaks near-term resistance, fueled by altcoin momentum, token burns (if announced), or platform adoption news. Here's the step-by-step outlook: 1. **Short-Term Breakout (1-4 Weeks):** Price consolidates in a demand zone around $0.0011-$0.0014, then breaks above $0.0015 (near EMA200/previous resistance). This could confirm a 5-wave Elliott impulse or harmonic completion, targeting 20-30% gains to $0.0018-$0.0020. Expect RSI to cross 60 and MACD histogram to flip positive for confirmation. 2. **Medium-Term Rally (1-3 Months):** If volume spikes and it clears $0.0020 (Fib 0.618 from recent highs), momentum could accelerate to $0.0025-$0.0035, a 100-200% move from current levels. This aligns with updated tokenomics acting as a catalyst, potentially mirroring the "surprise" upside seen in past cycles. 3. **Long-Term Bullish Wave (2025 Outlook):** Breaking $0.0082 confirms the end of the correction, targeting $0.025 (initial wave extension) or higher to $0.08 via harmonic patterns—yielding 2,000%+ upside. Optimistic forecasts see $0.0285 by year-end or even $0.0644 in a full altseason, though more conservative models cap at $0.0035 max. Risks include further unlocks (86.6 billion tokens still locked) dampening gains. Key Levels to Watch - **Support Levels:** - Immediate: $0.00118 (24h low) – Critical hold for bullish invalidation. - Major: $0.0010-$0.0012 – Multi-year bottom; breach could lead to retest of $0.0008 or lower. - **Resistance Levels:** - Near-Term: $0.0013-$0.0015 – Recent highs and EMA cluster; breakout here sparks short-term pump. - Intermediate: $0.0020 – Fib resistance; clearing this opens $0.0025. - Long-Term: $0.0082 – Key confirmation for bull market resumption. Risks and Considerations While the setup favors a bullish reversal if support holds, VRA remains high-risk due to low liquidity, team inactivity complaints, and macro crypto pressures. Monitor for volume surges (>20-30% above average) and positive news. Use tight stops below support, and consider scaling in on dips. This is not financial advice—always DYOR and manage risk.