What Is Vine Crypto And Why Is It Up 300% In Last 7 Days?
Vine Coin Surge: The price of Vine (VINE) coin has surged approximately 300% in a week, largely driven by speculation following Elon Musk's viral tweet about reviving the Vine platform in AI form, leading to increased demand and trading volume.
Market Speculation and Risks: Despite the significant price increase, there are concerns regarding the lack of official ties between Vine Coin and Musk's project, making it a highly speculative investment prone to volatility and potential profit-taking.
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Technical Analysis for VINE
Technical Sentiment Analysis for Vine Coin (VINE) As of , Vine Coin (VINE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for VINE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, VINE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Vine Coin (VINE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00637 | 0.0109 | 0.0155 | 0.02 | 0.0246 | 0.0291 | 0.0336 |
| Fibonacci | 0.0109 | 0.0144 | 0.0166 | 0.02 | 0.0235 | 0.0257 | 0.0291 |
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