- VINE has a short-term bullish structure after defending $0.109
- The absence of strong buying pressure puts continued price increases at risk
Vine (VINE) reached a market cap of $400 million earlier this week, but saw a rapid price retracement that brought the memecoin’s market cap to $120 million. Since that retracement on Thursday, it has shown very bullish performance, with a market cap of $363 million at press time.
The 24-hour trading volume stood at $394.7 million, indicating strong interest in the token. This could fuel VINE’s next leg up after its latest retracement.
Bitcoin (BTC) could also have a notable short-term impact on VINE’s price trends. The upcoming FOMC meeting on January 28-29 could potentially spring a hawkish surprise towards BTC. A fall below $100,000 could impact the sentiment of the entire market.
Price action revealed near-term bullish promise
Source: VINE/USD on CoinMarketCap
VINE’s 30-minute price chart showed that the bulls gained dominance once again. The rally to $0.506 was halted on Thursday and the price fell to the 78.6% Fibonacci retracement level at $0.109. He was also quick to recover over the last 6 hours.
The DMI showed a strong ongoing uptrend, which was also evident in the price action that reached new local highs. The MACD also formed a bullish cross and moved back above the zero level.
However, the CMF remained below 0. Its reading of -0.08 highlighted significant capital flows out of the market, despite high buying volume in recent hours. This suggests that buying pressure may be insufficient for a sustainable uptrend.
Read Vine (VINE) Price Prediction 2025-26
The market reaction to President Trump’s executive order on cryptocurrency has generated elation as well as caution. There was immediate volatility, but the regulatory clarity promised by the task force has not yet allowed the price of BTC to rise. In the coming weeks, a bullish surge could encourage VINE prices to rise.
Disclaimer: The information presented does not constitute financial, investment, business or other advice and represents the opinion of the author only.
