While moving higher under heaving trading it broke above the 8/1 and corrected back to 50% level at $2.72, which today, in fact, was rejected, acting as a support.
Considering that Verium continues trading above the 200 Moving Average and all facts mentioned above, there is a good chance that the growth will continue, at least to the next level -161.8% at $5.2. This is over 60% growth that could take place in the near term future. Potentially it can break above and go much higher.
On a downside, only a daily close below $2.5 should be able to affect Verium uptrend and reverse is down.