Verasity’s VRA bucks market downturn with 45% rally

VRA nowadays gathered up to 45% and broke out of a bullish pattern after new partnerships and surpasses a wider market decline.

Verasity (VRA) rose to an intraday highlight of $ 0.0032 on 6 May during the Asian trade in the afternoon, and pushed his total profit to more than 250% since he reached his monthly low.

VRA’s strong performance made it the best profit at the top 1,000 cryptocurrencies on Coeningecko. This is even when the wider Crypto market fell 2.2% in the last day, with Bitcoin (BTC) remained relatively flat, while Ethereum (ETH), Solana, Dogecoin (Doge) and Cardano (ADA) fell 1-4% in the middle of the market.

VRA gathered to a level that has not been seen since 1 February and lifted its market capitalization above $ 30 million. In the meantime, the daily trade volume increased by around 200% compared to the previous day.

The price increase coincided with a remarkable increase in the Futures open interest, and today reached a record high of $ 25 million, considerably higher than just $ 3.17 million registered a month earlier, according to facts van Coinglass.

Moreover, the financing percentages have been consistently positive for the past four days. The long/short ratio has remained above 1, indicating that more traders are optimistic about the continuous upward price movement.

Verasity was launched in May 2018 and is a blockchain -based platform that specializes in video voltage and combating advertising fraud through his patented Proof of View (POV) technology. It uses the VRA token as the primary currency within its ecosystem, so that users and makers can earn rewards, gain access to premium content and transactions safely and transparently facilitate video and gaming platforms.

Optimism around VRA is probably due to recent partnerships that the investor’s interests seem to have renewed.

On May 5, Verasity announced A partnership with Soonchain, an AI-driven gaming layer 2 platform. Through this collaboration, Soonchain integrates the Verasity’s Veraplayer to stimulate his video content economy.

Three days earlier, on May 2, Verasity announced another key Partnership with MAIVAn RWA platform that is aimed at broader access to investment options of institutional quality.

MAIV has already integrated Verasity’s Veraplayer technology to provide its video content with power, which is currently live on its homepage. Future plans include engaging the POV technology from Verasity.

Moreover, a joint airdrop for holders of VRA and MAIV -Tokens has been plagued as part of this strategic alliance.

Verasity traders also buzz from anticipation on a potential binance list, which has added to the hype.

VRA -Price analysis

On the 1-day/USDT graphic, VRA broke from an increasing triangular pattern of several weeks, which is seen in technical analysis as a bullish continuation signal. It has also been moved above the horizontal resistance zone for $ 0.020 – $ 0.021, an important barrier that has covered the price action since the beginning of March.

As an addition to the Bullish Case, the Chaikin money flow has risen to 0.24, which shows an increased purchasing pressure, while the super trend indicator has turned green, another sign of positive momentum.

A golden cross has also been formed on the daily graph, with the 20-day EMA (green) intersection above the 50-day EMA (blue), usually considered a bullish signal. The last time this happened, VRA rose by more than 145%within a month.

If the current set -up plays in the same way, VRA could soon test the resistance level of $ 0.0037, which is approximately 15.6% higher than where it is now being traded.

Analysts remain optimistic that the rally could extend much further. According to For Crypto Patel, if VRA holds above his most important breakout level of $ 0.0025, it could focus on his previous all time, which represents a potential 40x profit from that resistance zone.

However, all this will still largely depend on the price movements of Bitcoin, because BTC -Dominance continues to climb higher, which means that wider Altcoin rallies such as VRAs can ultimately hang whether Bitcoin maintains or withdraws his strength.