Vine Coin (VINE) Skyrockets 112% Ahead of Binance Futures Launch

Vine Coin (VINE) has captured the spotlight in the cryptocurrency market, experiencing an impressive surge that has left traders and investors excited

Vine Coin (VINE) has experienced an impressive 112% price increase over the past 24 hours, making it one of the top trending cryptocurrencies. This surge is largely attributed to Binance's announcement to launch a new VINE/USDT trading pair on Binance Futures.

As a result of this development, VINE has seen a massive surge in trading volume, with the coin generating a 24-hour volume of $4.24 billion. This price movement has attracted attention from both retail and institutional investors.

At the time of writing, Vine Coin (VINE) is trading at $0.312832, with a market capitalization of $312.83 million. This rapid growth and price surge have made VINE one of the most promising cryptocurrencies in the market.

According to CoinGecko, VINE's price has surged by over 400% in the past week, making it one of the best-performing cryptocurrencies during this period. This price increase has led to a strong bullish trend for VINE.

One trader has made a significant profit from VINE's price movement. The trader purchased 14.64 million VINE coins for $70,000 two days ago.

Afterward, the trader sold 9.96 million VINE coins for $2.36 million, leaving them with 4.67 million VINE coins, which are currently valued at $1.73 million. This trade resulted in a total profit of around $4 million.

The trader also bought 13.81 million VINE coins for $1.69 million just 9 hours ago, which are now valued at $5.1 million, showing an unrealized gain of $3.4 million.

From a technical analysis perspective, VINE is showing a strong bullish setup on the hourly timeframe. The coin is currently forming an Ascending Triangle pattern, which is a classic bullish chart formation.

If VINE breaks out from this pattern with strong volume, analysts believe the coin could see a further 150% rally from its current price. This technical pattern suggests that VINE is likely to continue its upward momentum.

Many traders are keeping a close eye on VINE's chart for signs of a breakout from this pattern, which could lead to the coin's price reaching new heights in the coming days.