#VINE /USDT Drops Sharply Testing Key Support#VINE is trading at $0.26488, recording a massive drop of 32.75% in the last 24 hours. After reaching a 24-hour high of $0.44667, the price has sharply retraced to a low of $0.25300.
Key Levels to Monitor:
Resistance: $0.30000 – A move above this could signal a recovery.
Support: $0.25300 – Failure to hold this level may lead to further downside pressure.
Market Indicators:
RSI at 26.72 suggests an oversold condition, which could trigger a potential bounce.
The sharp drop highlights significant selling pressure, indicating caution for buyers.
Trade Outlook:
1. Bullish Scenario: A breakout above $0.30000 could lead to targets at $0.34000 and $0.37500.
2. Bearish Scenario: A breakdown below $0.25300 might push the price toward $0.22000.
Risk Management: Use tight stop-loss levels to manage high volatility.
