Deep Dive
1. Delisting-Driven Demand (Bullish Impact)
Overview: ONUS delisted X and BONE tokens on July 5, 2025, requiring users to convert holdings to VNDC or USDT before deadlines. This likely created concentrated buy pressure for VNDC as users exited positions.
What this means: Mandatory conversions during token removals often create artificial demand spikes. With VNDC being a default stablecoin option on ONUS, its utility as a “safe haven” during delistings temporarily boosted prices.
What to look out for: Further delisting announcements from ONUS or liquidity partners like OKX/Binance, which could replicate this effect.
2. Technical Rebound (Mixed Impact)
Overview: VNDC’s price crossed above its 7-day SMA (0.00003723) and EMA (0.00003731), while the MACD histogram turned positive (+0.000000046). However, the RSI7 at 75.58 signals overbought conditions.
What this means: Short-term traders may interpret the MACD crossover and SMA breach as buy signals, but the elevated RSI warns of potential pullback risks. The token faces resistance at the 23.6% Fibonacci level (0.00003772).
3. Market Context (Neutral Impact)
Overview: The global crypto market rose 2.13% in the same period, but VNDC’s 0.63% gain underperformed major assets. Its 24h volume fell 18.31% to $58.8M, suggesting weak organic momentum.
What this means: VNDC’s move appears isolated rather than part of a broader risk-on shift. The token’s -4.68% annual return further highlights its divergence from market trends.
Conclusion
VNDC’s minor rally reflects tactical demand from forced conversions and technical traders, but thin liquidity and overbought signals limit upside potential. Key watch: Can VNDC hold above its 7-day SMA (0.00003723) amid falling volume, or will profit-taking erase gains?