Viberate

Coin

<p><strong>Viberate (VIB) saw a massive 70% price surge today, with the token trading around $0.077 at the time of writing. This huge pump comes after VIB broke out of a year-long downtrend and flipped a key support/resistance level into support.</strong></p>
<p>VIB’s pump appears to be driven by a combination of technical and fundamental factors. On the technical side, VIB had been trading in a downtrend since last year and recently broke out above a key resistance around $0.045. This breakout flipped the previous resistance into support and allowed VIB to rally higher. The breakout was followed by a throwback to retest the new support level, which held strong and confirmed it as a solid floor.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="699" src="https://captainaltcoin.com/wp-content/uploads/2023/10/Copy-of-P2P-Review-28-1-1024x699.png" alt="" class="wp-image-357630" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/Copy-of-P2P-Review-28-1-1024x699.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/Copy-of-P2P-Review-28-1-300x205.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/Copy-of-P2P-Review-28-1.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/Copy-of-P2P-Review-28-1-1536x1048.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/Copy-of-P2P-Review-28-1-2048x1397.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/Copy-of-P2P-Review-28-1-220x150.png 220w, https://captainaltcoin.com/wp-content/uploads/2023/10/Copy-of-P2P-Review-28-1-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/Copy-of-P2P-Review-28-1-513x350.png 513w, https://captainaltcoin.com/wp-content/uploads/2023/10/Copy-of-P2P-Review-28-1-788x537.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em><strong>Source: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats – Start using it today</a></strong></em></p>
<p>Fundamentally, Viberate is a blockchain-based marketplace for live music event organizers, artists, and bars/venues. The project has slowly been building adoption and recently announced several partnerships, including integration with Travala.com. This real-world usage and adoption likely renewed interest in VIB as both a utility token and longer-term investment.</p>
<p>The pump also comes amid a renewed hype cycle and bullish sentiment returning to crypto markets more broadly. After a brutal bear market for most of 2022 and 2023, traders are looking for assets poised for rebounds – and VIB’s chart and fundamentals made it a prime candidate.</p>
<p>However, other analysts have noted the lack of major Viberate-specific news catalyzing this 70% breakout. As crypto analyst Wise Adviser<a href="https://x.com/wiseadvicesumit/status/1714252214229995526?s=20" target="_blank" rel="noopener noreferrer nofollow"> pointed out</a>, Viberate has not released any significant updates on social media to explain the rally. With a still-low market capitalization around $13.8 million, whale traders could be behind the surge, hoping to drum up hype and fomo. This analyst compared it to Loom Network’s unsustained pump in 2020.</p>
<p>Going forward, VIB will need to hold above its new support in the $0.045 area to confirm the breakout is sustainable. If it can establish this as a higher price floor, further upside to test overhead resistance around $0.12 becomes likely. However, with no major catalysts behind the pump, traders should be cautious about chasing VIB at current prices.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/why-is-vib-coin-pumping-viberate-explodes-70-after-breaking-year-long-downtrend/">Why is VIB Coin Pumping? Viberate Explodes 70% After Breaking Year-Long Downtrend</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why is VIB Coin Pumping? Viberate Explodes 70% After Breaking Year-Long Downtrend

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