VIC is currently set above the rising trendline, and the main support under the constrained price action is at 0.2665.
The possible uptrend target of 0.4473 can be seen once VIC maintains form and exceeds the resistance at 0.2887.
Low volatility and low volumes indicate nervousness, and traders hold off before making large bets, hoping to determine if the breakout is confirmed.
VIC is at a critical juncture since the price tests an uptrend line within a determined level. VIC is trading at $0.2762 at the end of the previous session, having experienced a 3.1% day-to-day decline. The retreat places the asset slightly above its determined support level of $0.2665, with the short-term resistance at $0.2887. The chart setup indicates a narrowing price range with directional potential backed by clean horizontal levels and strongly advancing support base.
Price Consolidation Along Support Amid Declining Volatility
The 4-hour chart indicates a prolonged sideways move, with VIC consolidating between $0.2665 and $0.2887. This phase follows a sharp correction from the July 10th high of more than $0.5700, leading to a gradual retracement. The price has been forming a series of higher lows since late July with the backing of the rising trendline. This trendline is now tested once again in the zone of $0.2726–$0.2762, where VIC is presently struggling to preserve its structure.
https://twitter.com/B4dmantrading/status/1952954052947657156
The price range in the last 24 hours shows reduced volatility between $0.2681 and $0.2748, indicating a pause in aggressive market activity. This pause aligns with a technical squeeze near the support line. However, price has not broken below the trendline, which remains intact. If sellers push the asset below $0.2665, the structure would shift, challenging recent buyer control.
Chart Suggests Range-Break Setup Toward Key Levels
The chart highlights a possible upward move target zone toward $0.4403–$0.4473, marked by a green rectangular region. This upside area aligns with a potential measured move based on prior range expansions. The lower red box zone spans $0.2500–$0.2574, suggesting a stop or invalidation zone for bullish structure.
So far, VIC remains wedged between this compression zone, where both short-term buyers and sellers have defined clear boundaries. Market reactions within these zones could dictate near-term price direction. The lack of breakout volatility also indicates traders are awaiting confirmation before initiating larger positions.
Looking at volume profiles, there is no surge in activity around the current levels, pointing to market caution. Should volume return near the trendline, reaction around $0.2665 will likely set the next short-term tone. Until then, VIC continues to hold structure above the rising base, with clear parameters now in play.
