VVV: Analyst Eyes $8-9 Entry Amid Downtrend

VVV stays locked in a downtrend on the 4h chart at $10.71, with price sitting below both EMA50 at $11.13 and EMA200 at $13.1. Michaël van de Poppe sees no trend reversal yet and flags interest only near $8-9 where RSI would likely drop below 30.

Traders who bought higher continue voicing frustration, yet the move reflects a standard correction rather than any structural break. Three clear levels now guide positioning: a dip into the $8-9 zone for short-term longs, an aggressive flip of $12.20 targeting $14-15, or a deeper push toward $14-16 for dip-buying.

Technical confluence shows price testing the upper Bollinger Band near $11.24 while RSI(14) holds neutral at 44.46 and MACD prints a mild bullish cross at -0.02. With price action pressing resistance while the 50-EMA sits directly overhead as dynamic resistance, a healthy retracement toward lower Bollinger support at $10.38 aligns with the broader bearish structure before any sustained recovery attempt. VVV price prediction models now hinge on whether Bitcoin weakness accelerates or stabilizes near current levels.