$VIB dropped more than 40% in the last 24 hours | Delisting Becomes a Catalyst for Selling Pressure

VIB/USDT has plunged significantly by -41.24% in the last 24 hours and is now trading in the area of $0.01372. This sharp decline occurred shortly after Binance's official announcement regarding the delisting plan for VIB, which will take effect on May 2, 2025.

Technically:

- EMA 13 and EMA 21 have sharply broken down, following EMA 99 which is now a heavy resistance at $0.02164.

- RSI 6 is at an extreme level of 7.80, which theoretically indicates a severely oversold condition—but in the context of delisting, this RSI signal could be misleading due to fundamental selling pressure.

- MACD confirms continued bearish pressure, with a thick red histogram and the distance between the indicator lines widening into the negative zone.

- VIB trading volume recorded at 204.57 million VIB in the last 24 hours, dominated by panic selling actions.

Disclaimer: Not Promotion & Not Financial Advice