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The prediction of the Vine Coin price was the next 24 hours of bearish and the following week. The lack of purchasing pressure and a weak trade volume must change to herald a bullish recovery.
Vine [VINE] Saw a decrease of 21% in the daily trade volume on Monday on August 4. It was just a sign that there was no recovery yet.
Vine saw a tough price of 30% on 2 August, which strengthened the bearish -by views of the token. The liquidation warmth gave instructions for where the prices of the vine mint could go this week.
Vine coin price forecast-zou can you bet on a bullish reversal?
Source: Vine/USDT on TradingView
The technical indicators for Vine on the 4-hour chart leaned beard. The OBV was in a downward trend last week, although it bounced weak in the last 24 hours.
But this was not enough to ensure traders of a bullish reversal.
The MacD was also Beararish, who had fallen under the zero line on 2 August. The momentum indicator agreed with the Bearish market structure.
In the meantime, the stochastic RSI -OSS -SCILLATOR was about to form a bearish crossover.
Vine Coin Bulls have done well to defend the 78.6% retro level at $ 0.066. As long as this level applies, there is a chance of a price repair.
The 1 -week liquidation heat showed that there were several liquidity clusters near the market price. In addition to $ 0.078, the levels of $ 0.0915 and $ 0.095 were interesting for the traders.
To get there, Vine must be busy and a push past the magnetic zone immediately above your head.
The 24-hour Hittemap showed that Vine was ready for a price dip of up to $ 0.068 and $ 0.0635. The liquidity at $ 0.073 was tested and the token was ready for a price baptism in the short term.
In general, Vine Coin will have a Beerarish price prediction in the short term for the next 24 hours. A price dip of 4% -10% was possible because the price is attracted by liquidity.
In the coming week, the prospects remained bearish. A movement beyond $ 0.078 would be the first step in recovery, and even then the region of $ 0.0915 would oppose Vine Bulls.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer