VINE Coin Hits New Highs: Can It Reach $3.50 or Will Resistance Hold? | by Samuel O. Adediran | The Capital | Jan, 2025

The recent price of VINE coin has been initiating higher lows, sustaining an uptrend on the 4H chart. The ascending trendline remains intact, indicating steady buying pressure. Each dip sees an improved interest, suggesting accumulation ahead of a breakout.

The key resistance to watch is $437.89M, where the price previously stalled. A break above this level could trigger a strong move. With RSI at 58.29, momentum benefits the bulls.

The trading volume over 24 hours is $60.5M, with more buy volume than sell, signaling an increase. Sustained volume is important for an uptrend continuation.

Elite crypto analyst Seth (seth_fin) indicated on X popularly known as Twitter, with speculation around the Vine app revival by Elon Musk adding to VINE coins potential. Positive emotions could drive further interest.

The current chart analysis on VINE coin has been forming higher lows, setting up an ascending trendline that suggests growing bullish momentum. Currently trading at $0.2969, the price is consistently pushing toward resistance at $0.4378M. This steady incline proves that buyers are stepping in at every dip, reinforcing the uptrend.

If this trend continues, a breakout above the $0.30-$0.32 range could trigger a stronger upside movement. Volume has been increasing alongside price, a positive sign that buyers are committed to driving this move higher.

RSI at 58.29 remains in bullish territory with an opportunity for an upside. The uptrend in both RSI and price signals growing momentum.

Traders should keep an eye out for volume spikes and a clean breakout. If momentum holds, the price of VINE could be gearing up for a strong rally.