$VIDT /USDT: Market Correction with Potential Rebound Opportunity đ
$VIDT /USDT is trading at 0.03039 USDT, down by 7.15% over the past 24 hours. After reaching a high of 0.03333 USDT, the price faced heavy selling pressure, dropping to a low of 0.02809 USDT. However, the recent bounce signals potential buying interest, with traders looking for a reversal opportunity.
Key Levels to Watch đŻ
1. 0.03333 USDT â Immediate resistance; a breakout could restore bullish momentum.
2. 0.03281 USDT â 99-day moving average, acting as a resistance point.
3. 0.02986 USDT â Key short-term support to watch for a possible bounce.
4. 0.02809 USDT â Recent low; a critical level for trend reversal.
5. 0.03145 USDT â 25-day moving average, signaling potential resistance.
Moving Averages Indicate a Recovery in Progress đ
MA(7): 0.03010
MA(25): 0.03145
MA(99): 0.03281
The price is recovering after the sharp drop, but it needs to maintain above the 7-day moving average for a potential reversal. Watch for a break above the 25-day MA to confirm renewed bullish momentum.
Volume Insights
24h VIDT Volume: 509.56M VIDT
24h USDT Volume: 15.46M USDT
The trading volume suggests active market participation, with recent buyers stepping in to support the price. Any spike in volume could drive a sharp price movement.
Will $VIDT recover from the recent drop, or will further consolidation follow? Keep a close eye on the levels mentioned above and trade wisely on Binance.
