Elon Musk AI Vine Tweet and Indodax Listing Boost Vine Coin
Vine Coin (VINE) gained fresh momentum after Elon Musk’s July 24 tweet, “We’re bringing back Vine, but in AI form,” and its listing on Indodax, Indonesia’s largest crypto exchange, on August 8, 2025. The Indodax listing enhances VINE’s visibility and liquidity in Southeast Asia, opening access to millions of traders. The project roadmap includes a tipping system and NFT marketplace for content creators by late 2025, followed by a governance model in 2026 to decentralise decision-making.
Technically, VINE rallied above $0.16 in late July but corrected sharply, slipping below the 50-period EMA at $0.067. It now trades near $0.071 amid consolidation. The RSI oscillated from overbought peaks above 70 to oversold dips below 30 and sits at 55, indicating balanced momentum. The MACD also shifted from bullish peaks to bearish troughs and now shows a small positive histogram, signalling neutral conditions.
Despite 40% of tokens held in ten wallets and upcoming token unlocks that could trigger volatility, the combined effects of Musk’s AI Vine hype and regional exchange listing are broadly bullish. Traders will watch volume, EMA resistance and on-chain events to gauge the next major move.
Bullish
The combination of Elon Musk’s AI-Vine tweet and Vine Coin’s listing on Indodax is likely bullish for traders. Historical examples, such as Binance listings and celebrity endorsements, often trigger short-term rallies through increased visibility and liquidity. Indodax access opens Southeast Asian markets, boosting volume and price support. In the short term, traders may chase momentum, driving spikes above key EMAs and overbought RSI levels. Long term, the planned NFT marketplace and governance model could underpin sustainable demand. However, concentrated token holdings and upcoming unlocks add volatility risk. Overall, the net effect aligns with prior hype-driven altcoin surges, suggesting a bullish bias tempered by caution around supply sell-offs.