Viction Holds Key Trendline Amid Range Consolidation Traders Watch $0.4473 Breakout Potential

Viction (VIC) is currently holding above a critical rising trendline, with the key support level at $0.2665 showing resilience after a recent 3.1% decline in the prior session’s closing price of $0.2762 [1]. Traders are closely watching the price action as it remains confined within a defined range between $0.2665 and $0.2887, with the next immediate resistance at $0.2887. The consolidation phase reflects cautious market sentiment, marked by low volatility and subdued trading volumes, as participants wait for confirmation of a breakout before committing to larger positions [1].

On the 4-hour chart, VIC has exhibited a prolonged sideways movement, consolidating within a range that has been defined by a series of higher lows since late July [1]. The rising trendline, now being tested in the $0.2726–$0.2762 range, remains intact, suggesting that buyers are still in control. A breakdown below $0.2665 would signal a shift in momentum and potentially undermine the bullish structure that has been forming over recent weeks. Conversely, a successful retest and subsequent move above $0.2887 could trigger a more defined uptrend [1].

The chart analysis suggests a potential measured move toward the $0.4403–$0.4473 zone, a target derived from the prior range expansion [1]. This area represents a critical breakout level for the asset, offering directional potential if the current structure holds. On the downside, the red box zone between $0.2500 and $0.2574 is identified as a stop or invalidation area for the bullish trend, highlighting the defined boundaries within which the price has been operating [1].

Market activity remains muted, with no significant volume surges observed around key levels, reinforcing the cautious stance among traders [1]. The current lack of volatility suggests that the market is waiting for a catalyst, whether it be a break of the trendline or a sustained move above resistance. Should volume pick up near $0.2665, it could serve as a short-term directional signal, potentially setting the tone for the next phase of price action [1].

The current price consolidation and defined support/resistance levels create a clear framework for near-term trading decisions. While no analyst forecasts are cited, the technical structure itself provides a foundation for both bullish and bearish interpretations, depending on how the price reacts to key psychological and structural levels [1]. For now, VIC remains within a defined range, offering traders an opportunity to observe and react to the unfolding technical setup.

Source: [1] Viction (VIC) Tests Support: Trendline Holds Firm as Traders Eye $0.4473 Breakout Zone (https://cryptonewsland.com/viction-vic-tests-support-trendline-holds-firm/)