VRA Could Breakout if an Ascending Triangle Forms, Says Trader

• Crypto Tony revealed that he is waiting for a bullish ascending triangle to form on VRA’s 12-hour chart.
• According to his post, the formation of this pattern could lead to a positive breakout for VRA.
• Meanwhile, VRA was trading hands at $0.00651 following a 2.46% 24-hour loss.

The cryptocurrency trader and analyst Crypto Tony shared in an X post yesterday that he would like to see an ascending triangle form on the 12-hour chart for Verasity (VRA). According to the post, this pattern emerging in the next few weeks could lead to a strong breakout towards the upside for the altcoin.

$VRA / $USD – Update

This is what i would love to see on VRA .. Ascending triangle over next few weeks leading to a breakout pic.twitter.com/awvaaMhfle

— Crypto Tony (@CryptoTony__) November 7, 2023

From a shorter-term perspective, the altcoin’s price dropped 2.46% over the past 24 hours. According to data from CoinMarketCap, VRA was trading hands at $0.00651 at press time. Although VRA saw its price drop throughout the past day of trading, the cryptocurrency was able to record a 12.72% uptick in its daily trading volume.

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