According to BlockBeats news, on August 4, meme coin VINE rose 12.2% in the past 24 hours, now at $0.07446, with trading volume increasing to 214 million, a rise of over 80%. The liquidation heatmap shows that the price found dense support in the 0.059–0.062 range and triggered short liquidations, leading to a technical rebound. However, the liquidation pressure in the 0.082–0.094 range is significant, providing an opportunity for short-term main forces to offload.
Since Elon Musk's tweet on July 24 sparked speculation about an AI revival of Vine, VINE briefly surged to $0.172, but there has been no substantial follow-up in news, leading to profit-taking pressure and a drop below the 30-day moving average. According to on-chain data, the top ten wallets still hold 40% of the supply, and market liquidity risks have not been eliminated, further dampened by capital outflows from the Solana chain, which undermines foundational confidence.
Bitunix analyst suggests: Although VINE has rebounded in the short term, the fundamentals remain weak. Without new positive stimuli, the price is unlikely to stabilize above 0.082. Short-term support is at 0.072–0.074, with resistance at 0.082 and 0.094. If the upward movement fails and drops below 0.068, short-term operations should be quick in and out, to guard against sudden sell-offs.
