The VIBLO Token Hints At Another Pullback Opportunity For Its Investors

Social media networks have become part of our daily life and unknowingly very important for us. However, the dominating leaders of this industry have not been fair to their users as their centralized approach has many flaws regarding privacy, poor monetizing system and restriction to an individual opinion.

Thus, there is a need for a decentralized platform that can solve these issues and fruit the true potential of a social media network.

Introducing Viblos– it is the first decentralized social network based on Swiss Democracy principles. This next-generation tokenized social Interaction platform provides an amazing experience for its users where they are entitled to monetize through various sources of passive income.

Lets us study the technical chart of the Viblo token(4-hour time frame chart)

The VIBLO token entered the trading market with a bang, as its price surged more than 50% on its launching date. Since then, the price has been traveling a steady uptrend making new higher highs and lower highs one after another. 

The token has provided more than 150% gain for its investors in less than a month and marked $0.0026 as its All-Time High. An ascending trendline was leading this rally in VIBLO token. However, today the price is trying to breach this support trendline, indicating another correction phase in its price. Moreover, the liquidy seems not an issue for VIBLO tokens as they have around half a million trading volumes every day.

As per the crucial EMAs(20, 50, 100), the VIBLO token maintains a bullish trend in its chart where its price is trading above the 50 and 100 EMA line. However, the Relative Strength Index(35) is close to the oversold territory indicating enough room for potential growth.

As per the technical chart, the token price’s nearest resistance is $0.0026, followed by the $0.0027(traditional pivot level R2) and $0.00295(R3). As for the flipped side, the support levels are $0.0028 and $0.002.

Price Prediction For VIBLO Token

Viblos has an excellent use case scenario as it brings the efficient use of both blockchain and social media networks. Working with these two fast-growing technologies, the VIBLO token should reach the $1 mark by the end of 2025.