- Vine has a bullish short -term structure after defending $ 0.109
- The lack of heavy purchasing pressure endangered further price increases
Vine [VINE] Earlier this week, a market capitalization of $ 400 million achieved, but a rapid price racement followed, making the MCAP of the Memecoin to $ 120 million. Since this retracement on Thursday it has performed very bullish, with a market capitalization of $ 363 million at the time of writing.
The 24-hour trade volume was an impressive $ 394.7 million, indicating a strong interest in token. This could raise the next stage of Vine higher after the last retracement.
Bitcoin [BTC] Could also have a noticeable impact on Vine’s price developments in the short term. The upcoming FOMC meeting on 28 and 29 January could possibly provide an aggressive surprise for BTC. A decrease below $ 100,000 could influence the market -wide sentiment.
Price promotion revealed a bullish promise in the short term
Source: Vine/USD on Coinmarketcap
The 30 -minute price chart from Vine showed that bulls are gaining in dominance again. The rally to $ 0.506 was stopped on Thursday and the price dropped to the 78.6% Fibonacci racement level at $ 0.109. It also recovered quickly in the last 6 hours.
The DMI showed a strong bullish trend, which was also clear from the price promotion that new local highlights yielded. The MACD also formed a bullish crossover and exceeded the zero level again.
However, the CMF remained below 0. The value of -0.08 underlined considerable capital flows from the market, despite the high purchase volume of the past hours. This suggested that the purchasing pressure could not be sufficient for a persistent upward trend.
Read vine [VINE] Price forecast 2025-26
The market reaction to President Trump’s executive command over cryptocurrency caused both elaboration and caution. There was immediately volatility, but the promised clarity of the regulations by the Task Force did not yet increase the price of BTC. In the coming weeks, a Bullish Golf could encourage Vine prices to rise.
Disclaimer: The information presented is not financial advice, investment advice, trade advice or other forms of advice and is only the opinion of the writer