Affected by macro risks and risk-averse capital preferences, VFY has recently undergone a significant pullback and found initial support in the 0.0087–0.0090 range. Although short-term sentiment remains weak, selling pressure may have largely cleared for now. It is recommended to closely monitor changes in inflation, energy prices, and credit risks. Without a clear macro turning point, incremental capital inflow is unlikely to improve. Strategically, consider 0.0087 as a stop-loss threshold for accumulating positions at lower prices, and gradually add to holdings after prices stabilize above 0.0093 with increased trading volume, adhering to strict stop-loss management.

In late March, increased credit risk on the macro front and rising energy prices jointly transmitted to the crypto market, with investors concentrating short-term risk aversion in Bitcoin, placing pressure on small-cap altcoins. VFY began a rapid decline from around 0.015 on March 17 to 0.00885 by March 25, registering a cumulative drop of over 40%. During this period, several sharp sell-offs with increased volume indicated a concentrated release of short-term selling pressure and a notable retreat in market risk appetite.

The daily chart shows VFY currently finding technical support in the 0.0087–0.0090 region, with multiple tests failing to break below effectively. If price action continues to narrow and climbs above the 0.0093–0.0094 resistance zone, a short-term rebound may be triggered. Conversely, a break below 0.0087 could lead to another round of selling, with the next downside target at 0.0080. Trading volume has generally shrunk since the pullback, suggesting that most selling pressure may have been exhausted, now waiting for new buying signals.

Within a high inflation environment, a bull run in commodities could intensify volatility in oil prices and energy costs, thus affecting overall market risk appetite. In the mid-term, if there is no clear turning point in inflation, funds will continue to allocate between rigid and safe-haven assets when possible; small-cap risk assets may struggle to attract sustained incremental capital. VFY will need to wait for clearer signals regarding macro inflation and energy prices before regaining upward momentum.

Facing debt credit risks and geopolitical uncertainty, institutional investors are maintaining a wait-and-see attitude, with limited willingness to deploy incremental capital in the short term. This causes VFY and similar altcoins to consolidate and attempt to establish a bottom. It is advised to focus on macro data turning points and changes in the capital flow, prioritizing low entry near support levels with strict stop-loss just below the daily low. Once the price stabilizes above 0.0093 with confirmed increased trading volume, consider gradually increasing allocations.

zkVerify

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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zkVerify Price: VFY Live Price Today | VFY Market Cap & Chart Analysis | Bybit-eu

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VFY price today is 0.01, with a live price change of -3.50 in the last 24 hours. Convert, buy, sell and trade VFY on Bybit-eu.

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