Vine Coin price prediction is bearish this week: Is a 10% drop coming?
Main Idea
The Vine Coin (VINE) price prediction is bearish for the next 24 hours and the coming week, with potential drops of 4%-10% due to weak trading volume and lack of buying pressure.
Key Points
1. VINE saw a 21% drop in daily trading volume on August 4th, indicating no immediate recovery.
2. The token experienced a 30% price drop on August 2nd, reinforcing its bearish outlook.
3. Technical indicators, including OBV and MACD, lean bearish, with no clear signs of a bullish reversal.
4. The 78.6% retracement level at $0.066 is a key support level; holding it could allow for a potential recovery.
5. Liquidation heatmap shows liquidity clusters near $0.073, $0.078, $0.0915, and $0.095, which may influence price movements.
Description
The 24-hour heatmap showed that VINE was readying for a price dip to $0.068 and $0.0635.
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