$VIDT



Moving Averages

200-period SMA (1-hour Chart): The current price is above the 200 SMA at approximately 0.03159, suggesting a bullish trend. If the price continues to stay above this level, it may act as support and sustain the upward movement.

Relative Strength Index (RSI)

Current RSI: Around 50.51, which is near the midline, indicating a neutral sentiment. This suggests there is room for movement in either direction depending on the market sentiment and volume.

Moving Average Convergence Divergence (MACD)

  • MACD Line: 0.00005

  • Signal Line: -0.00022

  • Histogram: Slightly positive, indicating weak bullish momentum. The MACD line being above the signal line suggests a mild upward trend, but the close proximity of the lines shows that this trend is not strong.

Volume Analysis

Volume: Recent volume is approximately 2.506 million, reflecting strong market interest. Sustained or increasing volume would be essential to support any bullish continuation, while declining volume could indicate consolidation.

Support and Resistance Levels

  • Immediate Resistance: Around 0.03300, where the price has faced selling pressure before. A breakout above this level with strong volume could confirm a continuation of the bullish trend.

  • Local Support: Approximately 0.03100, identified as a support level. A move below this level, especially with significant volume, could indicate potential bearish momentum.

Bullish/Bearish Scenarios

  • Bullish Scenario:

    • Break Above 0.03300 Resistance: A breakout above this resistance with significant volume may confirm bullish momentum.

Bearish Scenario:

  • Drop Below 0.03100 Support: A move below this level with high volume could confirm a bearish reversal.