- Historical price movements of Verasity (VRA) directly correspond to global M2 liquidity dynamics according to data analysis because VRA prices increase when central banks expand money supply.
- The $0.001360 price point stands out as two separate double bottoms pattern formations need volume confirmation to validate potential upward price trends.
- The stabilization of macro liquidity trends could lead VRA toward initiating its medium-term rise toward early 2023 pricing.
According to a chart from analyst Egragcrypto, new data analysis between the Veracity network (VRA) and worldwide M2 monetary growth patterns has recently grabbed the focus of tech experts. Price movements of VRA follow M2 liquidity data patterns throughout past cycles according to the analysis.
The graphical analysis depicts VRA blue price with Global M2 in green display and indicates that VRA prices always soared heavily when M2 rose previously. The price of VRA increased dramatically during April 2021 at a time when global liquidity rose. The evolution of the M2 measurements resulted in corresponding VRA price reductions which were visually distinguished by red arrows for downward trends while white arrows denoted upward market movements.
VRA Near Key Support as Double Bottom Hints at Reversal
The current market position of VRA stands at $0.001360 while still remaining close to its previous support level at $0.001800 depending on the chart data. The downward price movement has brought VRA to zones where historical shifts between bull and bear markets occurred. The support area overlaps with the lower-end reversal in M2 data after it matched the VRA price movement.
Analysts have identified two potential upward trends following the creation of new peaks that formed recent double bottoms which are highlighted by white circles. The pattern needs further confirmation before being considered definitive but technical analysts usually interpret it as a warning sign for positive reversal when volume rises and market participation expands.
VRA Signals Potential Upswing with M2 Stabilization
The data suggests VRA might begin a fresh upward movement since macro liquidity trends show indications of stabilizing. An increase in global M2 metrics would enable VRA to achieve its previous level during the early months of 2023.
Multiple business cycles have maintained the speculative relationship between VRA components and M2 which currently exists. The setup serves as an early sign to traders which indicates potential medium-term market price transformation. Assessing risk assets and volume activity becomes essential for validating any significant market direction after these correlations occur.
