#vinecoin
vinecoin
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$VINE continues to trade under strong bearish pressure on the 1H chart. 📉
After reaching a recent high near $0.0160, the token has been making lower highs and lower lows, with price now hovering around $0.0108. Selling pressure remains dominant, although the market is attempting to stabilize above the recent low.
📊 Market Snapshot:
🔹 Price: $0.010788 (-4.90%)
🔹 Recent low: $0.01059 .
🔹 RSI(6): ~31, approaching oversold territory
🔹 Volume remains relatively weak during the decline
🔹 Trend structure still bearish until key resistance levels are reclaimed
Traders should watch the $0.0105 support zone closely. A sustained hold above this level could trigger a relief bounce, while a breakdown may lead to further downside. For bulls, reclaiming the $0.0115-$0.0120 area would be the first sign of strength returning.
Patience is key when trading assets in a clear downtrend—confirmation is often more valuable than catching the exact bottom.
#VINE #VineCoin #BinanceSquare #DYOR
After reaching a recent high near $0.0160, the token has been making lower highs and lower lows, with price now hovering around $0.0108. Selling pressure remains dominant, although the market is attempting to stabilize above the recent low.
📊 Market Snapshot:
🔹 Price: $0.010788 (-4.90%)
🔹 Recent low: $0.01059 .
🔹 RSI(6): ~31, approaching oversold territory
🔹 Volume remains relatively weak during the decline
🔹 Trend structure still bearish until key resistance levels are reclaimed
Traders should watch the $0.0105 support zone closely. A sustained hold above this level could trigger a relief bounce, while a breakdown may lead to further downside. For bulls, reclaiming the $0.0115-$0.0120 area would be the first sign of strength returning.
Patience is key when trading assets in a clear downtrend—confirmation is often more valuable than catching the exact bottom.
#VINE #VineCoin #BinanceSquare #DYOR
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