Viberate (#VIB/USDT ) on the Daily Timeframe:
Key Levels:
• Current Market Price (CMP): $0.09077
• Resistance Levels:
• Immediate Resistance: $0.10
• Major Resistance: $0.15678 (recent high)
• Support Levels:
• Immediate Support: $0.08000
• Strong Support: $0.06000
• Low Support: $0.03345
Analysis:
1. Falling Wedge Pattern:
A falling wedge pattern, typically bullish, is clearly seen. The breakout has already occurred, signaling a trend reversal to the upside.
2. Breakout Target:
The breakout target of this wedge points towards $0.15–$0.18, aligning with historical resistance levels.
3. Volume Surge:
A sharp increase in volume accompanied the breakout, further confirming the bullish move.
4. Price Action:
After a strong rally to ~$0.12, the price retraced but is holding above $0.08, which is key for continuation.
Thoughts on $VIB :
If $0.08 holds as support, the bullish momentum could push VIB toward $0.12–$0.15678 in the short term. A break above $0.16 could potentially send it toward $0.20+, providing a strong upside.
Keep an eye on volume and BTC market trends for confirmation.