VINE
As of February 6, 2025, Vine (VINE) is trading at approximately $0.1479, experiencing a slight decline of 0.11% from the previous close.
Recent market activities have significantly influenced VINE's price dynamics. Notably, a trader invested $70,000 to acquire 14.64 million VINE tokens and subsequently sold 9.96 million tokens for $2.36 million, retaining 4.67 million tokens valued at $1.73 million. This series of transactions resulted in a profit of approximately $4 million. Additionally, the trader reinvested $1.69 million to purchase 13.81 million VINE tokens, which have appreciated to $5.1 million, yielding an unrealized profit of $3.4 million.
Furthermore, Binance's introduction of the VINEUSDT perpetual contract with up to 75x leverage has contributed to a 50% surge in VINE's price.
Given the current market conditions, potential buy zones for VINE could be identified around the support levels of $0.13 to $0.14. Target prices might be set at resistance levels between $0.16 and $0.18. Implementing a stop-loss order near $0.12 could help mitigate potential losses.
