How Much Will VoluMint (VMINT) Price Recover After Its 49% Weekly Drop?

VMINT price plummets 49.71% in a week, hitting $0.00256

The cryptocurrency market has witnessed a significant downturn for VoluMint (VMINT), with the token experiencing a dramatic 49.71% price drop over the past week. Currently trading at $0.00256, VMINT has fallen considerably from its recent all-time high of $0.0850060, which was recorded on March 24, 2024. This represents a staggering 97% decrease from its peak value in just a few months.

The price movement data shows concerning trends across different timeframes:

| Time Period | Price Change | |-------------|--------------| | 24 Hours | -32.22% | | 7 Days | -49.57% | | 30 Days | +65.02% | | 60 Days | +133.49% | | 90 Days | -1.42% |

Despite showing positive performance over the 30 and 60-day periods, the recent sharp decline suggests a potential reversal of the token's fortunes. Trading volume has also decreased by 30.79% in the last 24 hours to approximately $9,250, indicating waning interest among traders. This volatility is particularly noteworthy given VMINT's fixed supply structure of 1 billion tokens, with 552,136,291 currently in circulation. With a current market capitalization of approximately $1.41 million, VMINT ranks #1978 in the overall cryptocurrency market, demonstrating its relatively small position in the broader digital asset landscape.

High volatility with 133% gain over 60 days despite recent drop

VMINT has demonstrated remarkable market behavior in recent months, characterized by dramatic price swings that stand out even in the volatile cryptocurrency sector. The token's performance over the past 60 days reveals an impressive 133.49% gain, showcasing significant upward momentum despite the recent downturn. This exceptional growth trajectory places VMINT among the more dynamic performers in its category.

Market observers can appreciate VMINT's volatility pattern through its percentage changes across different timeframes:

| Timeframe | Price Change | Market Context | |-----------|--------------|----------------| | 24 Hours | -32.22% | Sharp correction | | 7 Days | -49.57% | Significant retracement | | 30 Days | +65.02% | Strong monthly performance | | 60 Days | +133.49% | Exceptional bi-monthly growth | | 90 Days | -1.42% | Nearly flat quarter performance |

The recent 32% drop over 24 hours represents a substantial correction that has erased some gains. However, viewed within the broader 60-day window, VMINT still maintains an impressive overall performance. Trading data shows 24-hour volume at approximately $9,250, with a 30.79% decrease in trading activity during this correction phase. These statistics indicate that while VMINT has experienced a sharp pullback, its medium-term trajectory remains positive compared to its starting point two months ago.

Key resistance level at $0.00630, current price far below

Technical analysis for VMINT reveals a significant resistance barrier at the $0.00630 level, which currently sits well above the token's present valuation of approximately $0.00256. This price gap represents a substantial 146% potential upside should VMINT successfully breach this key threshold. The market has demonstrated notable volatility, evidenced by recent price movements:

| Timeframe | Price Change | Current Status | |-----------|--------------|----------------| | 24 hours | -32.22% | Downtrend | | 7 days | -49.57% | Sharp decline | | 30 days | +65.02% | Overall bullish| | 60 days | +133.49% | Strong uptrend |

The 14-day Relative Strength Index (RSI) currently reads at 62.51, indicating that while the asset approaches overbought territory, it still has room for potential growth before reaching extreme levels. Market analysts suggest that a sustained close above the $0.00630 resistance could potentially trigger a further rally toward the next major resistance level at $0.00986. This would represent an additional 56.5% increase beyond the current resistance. Trading volume has decreased by 30.79% in the past 24 hours, suggesting diminishing selling pressure despite the recent price decline. The current market capitalization stands at approximately $1.41 million, with a fully diluted valuation of $2.56 million based on VMINT's maximum supply of 1 billion tokens.

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