🚨 VELVET Price Alert: Is a 0.06 Retest on the Horizon? 📉
$VELVET is currently trading at the 0.3 level, but the charts might be signaling a deeper correction. Looking at the historical price action, there is a strong possibility that the price could trace back to revisit its previous liquidity pool and major support zone around 0.06.
Here is why a drop to 0.06 could be on the table:
Market Corrections: No asset moves up in a straight line. After a solid run, a healthy retracement to test old lows is a standard market cycle.
Liquidity Hunt: The 0.06 area represents a major historical downside target where unfilled orders might still be sitting.
Risk Management: If the current support fails to hold, the bears could easily take control and push the price back to its baseline.
👇
#Velvet #CryptoTrading #PricePrediction #TechnicalAnalysis #BinanceSquare
