Vine Coin price prediction-Should you bet on a bul

The technical indicators for VINE on the 4-hour chart leaned bearishly. The OBV has been in a downtrend over the past week, although it bounced weakly over the past 24 hours.

But this was not enough to assure traders of a bullish reversal.

The MACD was also bearish, having fallen below the zero line on the 2nd of August. The momentum indicator agreed with the bearish market structure.

Meanwhile, the Stochastic RSI oscillator was on the verge of forming a bearish crossover.

Vine Coin bulls have done well to defend the 78.6% retracement level at $0.066. So long as this level holds, there is a chance of a price recovery

The 1-week liquidation heatmap showed that there were multiple clusters of liquidity close to the market price. Beyond $0.078, the $0.0915 and $0.095 levels were interesting to the traders.

In order to get there, VINE needs buying pressure and a push past the magnetic zone immediately overhead.