VARAUSD - Some additional notes and diagrams of my strategy

When VARA was initially listed it pumped way beyond anything near its actual intrinsic value at the time. I do think that VARA could move well above a dollar given enough time but its current value is well below where it should be. See my chart showing initial speculation by investors and I explain how and why VARA is stuck within this range and why a breakout to the upside is more likely than an additional dump.