$VIDT /USDT Technical Analysis
Price & Volume Overview
Current Price: $0.02246
24h Change: +61.23% (Strong Bullish Move)
24h High: $0.02485
24h Low: $0.01391
24h Volume: 1.70B $VIDT / 32.94M USDT
7D Performance: +51.25%
30D Performance: +31.73%
90D Performance: -30.59% (Recent Downtrend)
1Y Performance: -63.84% (Long-term Downtrend)
Key Technical Indicators
Moving Averages (MA):
MA(5): 169.46M (Short-term momentum strong)
MA(10): 176.53M (Still catching up)
MACD (Moving Average Convergence Divergence):
If MACD line crosses above the signal line, it signals a bullish trend. If below, bearish trend.
Based on recent price action, momentum is currently bullish.
RSI (Relative Strength Index):
RSI above 70 indicates overbought conditions (possible pullback).
RSI below 30 indicates oversold conditions (potential reversal).
Given the strong surge, RSI is likely approaching overbought territory.
Bollinger Bands:
The price touching or exceeding the upper Bollinger Band suggests a potential pullback soon.
Support & Resistance Levels:
Support: $0.0175, $0.0148
Resistance: $VIDT $0.0248, $0.0255
Market Sentiment & Prediction
The price has surged significantly in the short term, likely due to high trading volume and strong bullish sentiment.
However, after such a big pump (+61.23%), a pullback is likely unless volume sustains further upside.
If VIDT breaks $0.0255, it could move toward $0.0300+.
If rejection happens at resistance, the price may retrace to $0.0175 - $0.0200.
Trading Strategy
For Long Positions:
Wait for a pullback near $0.0175 - $0.0200 for better risk management.
Enter only if volume remains high and RSI cools off.
For Short Positions:
If rejection occurs at $0.0255, a short trade could target $0.0200.
Tight stop-loss above resistance is recommended.