Verasity

<p><strong>VRA coin, the native token of Verra blockchain protocol, saw its price hit yearly-highs of $0.01 back in February. However, according to top analyst Michaël van de Poppe, the coin has been stuck in an accumulation phase after that peak.</strong></p> 
<p>In <a href="https://x.com/CryptoMichNL/status/1707382436588339640?s=20" target="_blank" rel="noopener noreferrer nofollow">today’s tweet</a>, van de Poppe noted that VRA is currently holding above a key support level after a massive retracement. He believes that if VRA can maintain this position, it could pave the way for a renewed surge, although he did not specify an exact price target.</p> 
<blockquote class="wp-block-quote"> 
 <p><em>“I’d prefer to see it hold in this green zone after a massive retrace (often an occurrence in the current market circumstances). If this holds, I’ll be expecting a renewed rally towards $0.01.”</em></p> 
</blockquote> 
<p>VRA rallied to over $0.01 back in February. However, it has since declined significantly and remained rangebound between $0.003 and $0.007 for the last several months, unable to regain its previous momentum.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="546" src="https://captainaltcoin.com/wp-content/uploads/2023/09/image-606-1024x546.png" alt="" class="wp-image-344699" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/image-606-1024x546.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-606-300x160.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-606-767x409.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-606-1536x819.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-606-2048x1092.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-606-281x150.png 281w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-606-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-606-657x350.png 657w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-606-788x420.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-606.png 1632w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<p>This range is a key area for VRA in the short-term. As long as VRA can hold support at around $0.0035, he sees potential for a trend reversal. However, breaking below this level could see VRA drop towards lower support around $0.003.</p> 
<p>The Verra protocol allows content creators to mint NFTs with proof of ownership to fight piracy. VRA adoption has grown steadily, but the token price has stagnated in recent months amid the crypto downturn.</p> 
<p>Analysts remain divided on whether VRA can recover back to its February highs any time soon. But van de Poppe and others believe the project has long-term potential if it can stabilize in the current range before making a move upwards. For now, VRA appears trapped in accumulation mode unless it can gain momentum above $0.007.</p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"> <strong>74% of retail CFD accounts lose money.</strong> 
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc"> <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc. 
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/verasity-vra-needs-to-reclaim-0-01-after-massive-retracement-according-to-michael-van-de-poppe-heres-his-outlook/">Verasity (VRA) Needs to Reclaim $0.01 After Massive Retracement According to Michaël van de Poppe – Here’s His Outlook</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Verasity (VRA) Needs to Reclaim $0.01 After Massive Retracement According to Michaël van de Poppe – Here’s His Outlook

Table of Contents

CaptainAltcoin

Other articles published on Sep 28, 2023

Can Bitcoin Get Over Its 'Bearish Blues' In October?

FOMC, BRICS de-dollarization, and the future of crypto

LUNC Price Analysis: Will Terra LUNC Cross the $0.00007 Mark Soon?

Gensler Under Fire for Perceived Conflicts in Crypto Regulation

Gemini to Invest $24M as Part of India Expansion Plans

Whales $5 Million MATIC Transfer Baits Masses to Buy the Dip

Join our free newsletter for daily crypto updates!