If you are waiting for $VELVET to dump back to zero, prepare to stay broke forever.
Everyone calling this a "dead cat bounce" or a "bubble" is completely blind to what is actually happening on this daily chart. $VELVET is sitting at $0.81638, up an insane 116.94% today, but the real shocker is the 7-day gains at a staggering 675.44% and 30-day gains at 806.08%! This is not a standard pump; it's a structural super-cycle taking off right before your eyes.
Look at that parabolic vertical candle on the daily view. Yes, it touched a 24h high of $0.98460 and pulled back slightly, but the massive 24h volume is clocking a whopping 1.32B VELVET (795.15M USDT). The order book is heavily skewed with nearly 60% bids. The buyers are completely absorbing the sell walls. While the doubters sit on their hands writing essays about why this shouldn't be rising, I am aggressively accumulating. I am going long right here because when this massive volume triggers the next daily candle breakout past $1.00, the FOMO will leave late buyers completely stranded.