$VELVET demonstrates a resilient consolidation and a classic rounding bottom reversal structure after a deep corrective phase. Following a sharp downward flush that established a macro bottom at $0.109484, aggressive buying power stepped in to clear out late short positions and absorb the localized sell-side pressure. The price has since steadily pushed upward, printing a series of higher lows on the hourly timeframe to trade firmly at $0.119877. This current positioning puts the asset right at a critical pivot zone where bulls are actively building momentum for a break above overhead liquidity. Holding above the immediate structural support ensures the micro uptrend remains intact, setting a solid foundation for an explosive breakout to challenge higher key resistance zones.
Target 1: $0.125594
Target 2: $0.129750
Target 3: $0.131207
VELVETUSDT
دائم
0.09535
-2.30%