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 $0.15â$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 $0.12â$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.
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