UP OR MORE DOWN❓#VINE /USDT Sinks to $0.2851 – Bears Tighten Their Grip.... #VINE /USDT has seen a steep 19.48% decline, currently trading at $0.2851, with a 24-hour low of $0.2806. The pair faces heavy selling pressure, pushing the price closer to critical support levels.
Key Levels to Monitor:
Immediate Resistance: $0.3450 – A reclaim of this level is necessary to ease bearish momentum.
Critical Support: $0.2800 – Losing this zone could accelerate declines toward $0.2500.
Indicators:
RSI at 25.45: Signals extreme oversold conditions, suggesting a possible technical rebound.
Volume: Increasing sell volume indicates continued pressure from sellers.
Potential Scenarios:
1. Recovery Attempt: A bounce from $0.2800 may push the price toward $0.3200.
2. Extended Decline: Breaching $0.2800 could lead to further downside toward $0.2500.
Traders are advised to exercise caution and consider using tight stop-losses to manage risk in this volatile market environment. Monitor RSI and volume closely for signs of a reversal or further selling pressure.
