$VIC Vic has fallen from its high but so far holding above 0.28
VIC/USDT (15 min) Technical Snapshot
As of July 9, 2025 • 2:50 PM IST
Current Price: ₹0.2917 (–0.65% today)
24 h Range: High ₹0.3649 → Low ₹0.2797
Moving Averages
MA (7): ₹0.2984
MA (25): ₹0.3057
MA (99): ₹0.3167
Price is well below all three, confirming a short‑term downtrend.
Volume:
Normal bars ≈ 0.17 M–0.18 M vs. one massive spike (~10.9 M) on the red candle that drove the price from ₹0.3649 → ₹0.2797.
MACD (15 m)
DIF –0.0058 vs DEA –0.0048; histogram negative but narrowing
Suggests bearish momentum is decelerating.
RSI (6): 32.4
Near oversold—there is room for a relief bounce.
Broader Context
7‑day performance: +90.65%
30‑day performance: +67.55%
Strong longer‑term upside remains intact, but the recent flash‑crash demands caution.
Sudden Volume Spike – Significance & Indication
The gigantic red‑candle volume spike at ₹0.3649–₹0.2797 indicates a liquidity sweep:
Stop‑Loss Hunting: Large sell orders likely ran long stops clustered above prior highs.
Capitulation & Absorption: Such a drastic drop on extreme volume often flushes weak hands and allows stronger hands to accumulate.
Key Pivot Established:
If price recovers above MA (7) at ₹0.2984 on rising volume, it would signal buyers stepping back in.
Failure to reclaim this zone suggests continuation toward support near the 24 h low at ₹0.2797 or the MA (25) at ₹0.3057 as resistance.
Outlook:
Given the oversold RSI and decelerating MACD, there’s a 45–50% chance of a relief rally back toward ₹0.305–₹0.310 in the next 1–3 hours—provided volume remains firm above 0.5 M. A decisive break below ₹0.2797, however, risks a deeper pullback toward the July 9 low of ₹0.275.
Dyor and move carefully with confirmation.
