VIC -155.71% in 1 Month Amid Sharp Technical Downtrend

On AUG 31 2025, VIC dropped by 8.78% within 24 hours to reach $0.2217, VIC dropped by 104.35% within 7 days, dropped by 155.71% within 1 month, and dropped by 4248.17% within 1 year.

The asset has experienced a prolonged and accelerating decline, marked by a sharp bearish shift in key technical indicators. Over the past month, the 50-day and 200-day moving averages have diverged significantly, with the 50-day line falling below the 200-day line—a bearish signal known as the death cross. This has reinforced the downward momentum, as the price has continued to underperform against its historical averages. Additionally, the Relative Strength Index (RSI) has remained in oversold territory for over two weeks, failing to generate any meaningful rebound.

The prolonged sell-off has prompted analysts to reassess the technical outlook for the near term. The absence of a bullish reversal pattern, combined with continued pressure from bearish volume distribution, suggests a continuation of the downward trajectory unless a strong catalyst emerges. Analysts project further support levels are likely to form in the range of $0.18–$0.20, based on the current trend and historical volatility patterns.

The breakdown of key Fibonacci retracement levels has compounded concerns about the asset’s short-term prospects. Price has failed to reclaim critical retracement levels above $0.25, suggesting a lack of buying interest at higher levels. This has led to a widening of the bearish channel and reinforced the technical case for further downside. The combination of bearish divergence in momentum indicators and price action has left the asset in a precarious position, with limited short-term resistance to curb the decline.

The technical indicators used in the backtest analysis reflect the current bearish dynamics, incorporating RSI, moving averages, and Fibonacci retracement levels. These tools have been instrumental in validating the continuation of the downtrend and in identifying potential entry and exit points for bearish strategies.