Vine Coin Surges Past $0.15: Is a Correction on the Horizon?
In a remarkable turn of events, Vine Coin has jumped to the forefront of the crypto scene. After languishing below the $0.05 mark for many of July, VINE has catapulted upwards in only 48 hours, smashing through multiple resistance levels and reaching a high near $0.172. As it stands, the worth has settled around $0.153, due to a parabolic rise fueled by a structural breakout, growing momentum, and substantial spot inflows. Although this bullish rally has turned the tide in favor of buyers, early indications of fatigue are beginning to emerge on shorter timeframes.
What’s Driving Vine Coin’s Price?
Taking a better take a look at the 4-hour chart, we are able to see that VINE successfully executed a breakout from a multi-week symmetrical triangle pattern. This ignited a pointy upward movement, slicing through previous resistance points at $0.069 and $0.080. The breakout was underpinned by a series of bullish continuation patterns, including compressed flag formations and consolidation phases between $0.035 and $0.045.
Zooming out to the day by day chart, a big shift in structure is obvious. VINE has confidently surpassed its March 2025 peak of roughly $0.052, venturing into latest price discovery territory. This marks the primary time since January that the asset has experienced such a dynamic shift.
While the thrill surrounding VINE’s rapid ascent is palpable, there is a need for cautious optimism. A rising wedge pattern has emerged, hinting at a possible correction. Investors should keep an in depth eye on any signs of reversal because the market digests these recent gains.
Image Credit: cryptorank.io
