- Binance Futures lists VINE and PIPPIN with 25x leverage, boosting market interest and volatility.
- Vine trades at $0.2178, consolidating with RSI at 47.18; a break above $0.2177 could push it toward $0.25.
- Pippin faces key resistance at $0.1519; a drop below $0.0928 may lead to further declines toward $0.06.
Binance Futures recently announced the addition of two USD based perpetual contracts, VINEUSDT and PIPPINUSDT. Both contracts offer up to 25x leverage, a step for investors seeking higher risk opportunities.
According to the announcement, VINEUSDT began trading at 10:00 (UTC) on January 24, 2025, followed by PIPPINUSDT at 10:15 (UTC). These assets were also launched on Binance’s Alpha Market, introducing them to a broader trading audience.
Vine’s Momentum
At press time, Vine was trading at $0.2074 with a 6.28% increase over the past 7 days. Its market cap reached $218.02 million, showing increased market interest. Vine hit a peak of $0.2177 before a pullback.
The RSI is at 47.18, suggesting neutral momentum but hinting at potential volatility. Earlier in the session, the RSI neared 70, an overbought level, before correcting. If the RSI dips below 40, selling pressure could rise.
The MACD line at 0.00552 is below the Signal line at 0.00973, and its negative histogram suggests diminishing bullish sentiment. Despite this, a break above $0.2177 might push prices towards $0.25, while a drop below $0.20 could risk further declines to $0.18.
Pippin’s Consolidation and Resistance Levels
At the time of writing, Pippin was trading at $0.1367, a 10.44% decline over the last 24 hours, bringing its market cap to $136.59 million.
Despite this pullback, it has shown growth since early January, rallying from $0.01 to over $0.30 before stabilizing between $0.09 and $0.21. Pippin’s price remains near its 20 day simple moving average, the dynamic resistance.
Bollinger Bands indicate strong resistance at $0.2111 and support at $0.0928. The MACD line at 0.000809 above the Signal line at 0.005080 shows weakening bullish momentum. If buyers sustain interest above $0.1519, a retest of $0.21 resistance could occur. A drop below $0.0928 may trigger further declines to $0.06.
Active Trading and Market Uncertainty
Both Vine and Pippin show active trading volume, suggesting heightened interest from the market. Vine’s consolidation phase and Pippin’s fluctuating resistance levels indicate a lack of decisive market direction.
For Vine, a clear breakout above $0.2177 is necessary to establish a bullish trend. Meanwhile, Pippin’s stabilization near its middle resistance band could lead to another test of key price levels.