Bitunix analyst: VINE rebounded 12.2% but the pressure remains unresolved, focusing on 0.082 and 0.094 in the short-term, and must be wary of Whale sell pressure and the risk of speculative funds retreating.

BlockBeats news, on August 4th, the meme coin VINE rose 12.2% in the past 24 hours, currently priced at 0.07446 USD, with trading volume expanding to 214 million, an increase of over 80%. The liquidation heatmap shows that the price gained strong support in the 0.059–0.062 range and experienced short order liquidations, triggering a technical rebound. However, the liquidation pressure in the 0.082–0.094 range is evident, providing an opportunity for short-term market makers to dump. Since Musk’s tweet on July 24th that stirred up AI revival for Vine, VINE briefly surged to 0.172 USD, but there was no substantial follow-up in the news, resulting in profit selling pressure and a drop below the 30-day moving average. According to on-chain data, the top ten wallets still hold 40% of the supply, and market liquidity risk has not been eliminated, while capital outflow from the Solana chain further undermines foundational confidence. Bitunix analysts suggest: although VINE may rebound in the short term, the fundamentals remain weak, and without new positive stimuli, the price may struggle to hold above 0.082. Short-term support is at 0.072–0.074, with pressure at 0.082 and 0.094. If the upward attempt fails and falls below 0.068, short-term operations should be quick in and out, guarding against sudden dumping.