Crypto analysts Crypto Patel and World Of Charts have recently provided insightful analysis of Verasity (VRA) and Ankr (ANKR), highlighting potential bullish trends for both crypto assets. The detailed technical assessments underscore key patterns and project significant price movements.
Crypto Patel stated that Verasity (VRA) could reach $0.1 in the current bull run, provided it holds the $0.004 support level. This statement reflects a strong bullish sentiment towards VRA. Patel’s optimism hinges on maintaining a critical support level, suggesting that breaking this support could undermine the potential price surge.
Analyzing Crypto Patel’s chart, Verasity’s performance is shown, detailing a bullish rally from 2020 to mid-2021, with the price peaking at $0.086. A correction phase followed, characterized by a descending triangle pattern, indicating slowed downward momentum.
Moreover, from mid-2022 to 2024, Verasity entered a consolidation phase, forming a horizontal channel suggesting market indecisiveness. Patel projected a potential breakout around mid-2024, hinting at a speculative price surge. He emphasized the need to maintain a $0.004 support level for Verasity to reach $0.1 during the bull run.
Conversely, World Of Charts wrote about ANKR’s recent breakout from a bullish pennant, signaling a potential solid recovery. This breakout suggests a shift in market sentiment, which is turning more favorable for ANKR. The post hinted at a bullish outlook for Ankr in the near future, encouraging traders to keep an eye on this development.
An analysis of the analyst’s chart shows the token exhibited a descending triangle pattern, usually signaling a bearish sentiment. However, a recent breakout from the upper trendline suggests a reversal of the trend. The analysis indicates strong support at the flat lower trendline, which was repeatedly tested and held. The breakout may shift market sentiment from bearish to bullish, with a projected price gain of 49.29%.
Verasity’s analysis by Crypto Patel highlights a crucial support level at $0.004. Holding this support is pivotal for the anticipated bullish run to $0.1. The consolidation phase reflects a balanced tug-of-war between buyers and sellers. The projected breakout in mid-2024 could signal a significant bullish momentum, offering a potential gain of 1,766.9%.
For Ankr, World Of Charts focuses on the descending triangle pattern and the recent breakout. The flat lower trendline acts as a key support, indicating strong buying interest. Post-breakout, the downward trendline could turn into support, projecting a 49.29% price increase. This suggests that traders anticipate favorable market conditions or developments for Ankr.
At press time, Ankr Network (ANKR) trades at $0.04722, marking a 0.09% rise in the last day and a 4.40% rise over the past week. Verasity (VRA) trades at $0.005252, experiencing a 3% decline in the last 24 hours but showing a 2.25% uptick over the past week.
