⚠️ VIDT DAO Losing Steam? $VIDT at a Crossroads as Bulls Struggle ⚖️

$VIDT has been sliding downward after a sharp rally earlier this month, and it’s currently trading around $0.0426. The token enjoyed a strong push to $0.05 but has since cooled off, struggling to hold that level. The moving averages (SMA 7 and 25) are sloping downward, signaling that the short-term momentum is fading.

The MACD confirms this, as the lines have crossed into bearish territory, and the histogram is hovering just below zero. There’s minimal buying pressure, and volume has dropped, which suggests the bulls are losing control. If VIDT fails to hold the $0.04 support, we could see it slide further to $0.035, and a breach there could bring more downside pressure. 📉

However, if the token can regain strength and push back above $0.045 with increased volume, there’s a chance for another run toward $0.05. But for now, the setup looks weak, and traders should approach with caution.