Verasity’s VRA bucks market downturn with 45% rally

VRA rallied as high as 45% today, breaking out of a bullish pattern following new partnerships while outpacing a broader market downturn. Verasity (VRA) surged to an intraday high of $0.0032 on May 6 during afternoon Asian trading, pushing its total gains to over 250% since hitting its monthly low. VRA’s strong performance made it the top gainer among the top 1,000 cryptocurrencies on CoinGecko. This comes even as the broader crypto market slipped 2.2% over the past day, with Bitcoin ( BTC ) staying relatively flat while Ethereum ( ETH ), Solana ( SOL ), Dogecoin ( DOGE ), and Cardano ( ADA ) dropped 1–4% amid market caution ahead of the Federal Reserve’s upcoming interest rate decision due tomorrow. VRA rallied to a level not seen since Feb. 1, lifting its market cap above $30 million. Meanwhile, daily trading volume jumped by around 200% compared to the previous day. The price surge coincided with a notable increase in futures open interest, hitting an all-time high of $25 million today, markedly up from just $3.17 million recorded a month earlier, according to data from CoinGlass. Additionally, its funding rates have been consistently positive over the past four days. The long/short ratio has remained above 1, indicating more traders are optimistic about continued upward price movement. Launched in May 2018, Verasity is a blockchain-based platform that specializes in video monetization and combating ad fraud through its patented Proof of View (PoV) technology. It uses the VRA token as the primary currency within its ecosystem, enabling users and creators to earn rewards, access premium content, and facilitate transactions securely and transparently across video and gaming platforms. You might also like: Worldcoin pulls back after parabolic run amid suspensions in Kenya and Indonesia The optimism around VRA is likely due to recent partnerships that seem to have renewed investor interest. On May 5, Verasity announced a partnership with SoonChain, an AI-powered gaming Layer 2 platform. Through this collaboration, SoonChain is integrating Verasity’s VeraPlayer to drive its video content economy. Three days earlier, on May 2, Verasity announced another key partnership with MAIV , an RWA platform aiming to provide broader access to institutional-grade investment opportunities. MAIV has already integrated Verasity’s VeraPlayer technology to power its video content, currently live on its homepage. Future plans include enabling monetization safeguarded by Verasity’s PoV technology. Additionally, a joint airdrop for holders of VRA and MAIV tokens has been teased as part of this strategic alliance. Verasity’s traders are also buzzing with anticipation over a potential Binance listing , which has added to the hype. VRA price analysis On the 1-day/USDT chart, VRA has broken out of a multi-week ascending triangle pattern, which is seen in technical analysis as a bullish continuation signal. It has also moved above the horizontal resistance zone at $0.020–$0.021, a key barrier that has capped price action since early March. VRA price, 20-day and 50-day EMA — May 6 | Source: crypto.news Adding to the bullish case, the Chaikin Money Flow has climbed to 0.24, showing increased buying pressure, while the Supertrend indicator has flipped green, another sign of positive momentum. VRA Supertrend and CMF chart — May 6 | Source: crypto.news A golden cross has also formed on the daily chart, with the 20-day EMA (green) crossing above the 50-day EMA (blue), typically considered a bullish signal. The last time this happened, VRA surged over 145% within a month. If the current setup plays out similarly, VRA could soon test the $0.0037 resistance level, which is about 15.6% above where it’s trading now. Analysts remain optimistic that the rally could extend much further. According to Crypto Patel, if VRA holds above its key breakout level of $0.0025, the token could target its previous all-time high, representing a potential 40x gain from that resistance zone. However, all this will still depend largely on Bitcoin’s price moves, as BTC dominance continues to climb higher, meaning broader altcoin rallies like VRA’s may ultimately hinge on whether Bitcoin maintains its strength or pulls back. Read more: Bitcoin hits technical ceiling: is a drop to $86k next? Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Source: crypto.news