VELVET Core Brief
VELVET, the token for AI-DeFi platform Velvet Capital, recently skyrocketed past $2.00, executing a massive 385% rebound after an 84% market correction.
Key Drivers
Aerodrome Integration: Velvet integrated with Aerodrome Finance to route Base network trades, expanding liquidity, narrowing slippage, and driving up trading volume by 382%.
The Short Squeeze: An aggressive derivatives wave pushed open interest past $170 million. Over $2.5 million in short positions were liquidated, fueling a rapid 250% upward price sprint.
Where is it Heading?
Support & Resistance: Technical analysts identify the $1.30 to $1.55 range as critical support. Holding above this zone sets the foundation to retest all-time highs near $2.50.
Upcoming Headwinds: Sharp downside risks remain. Major venture backers/market makers (like DWF Labs) have recently shifted massive token holdings to exchanges to take profit, and a 10.4 million token unlock hits on July 10. If these selling pressures break the $1.30 floor, the token will likely slide back toward $0.40.
$VELVET
VELVET, the token for AI-DeFi platform Velvet Capital, recently skyrocketed past $2.00, executing a massive 385% rebound after an 84% market correction.
Key Drivers
Aerodrome Integration: Velvet integrated with Aerodrome Finance to route Base network trades, expanding liquidity, narrowing slippage, and driving up trading volume by 382%.
The Short Squeeze: An aggressive derivatives wave pushed open interest past $170 million. Over $2.5 million in short positions were liquidated, fueling a rapid 250% upward price sprint.
Where is it Heading?
Support & Resistance: Technical analysts identify the $1.30 to $1.55 range as critical support. Holding above this zone sets the foundation to retest all-time highs near $2.50.
Upcoming Headwinds: Sharp downside risks remain. Major venture backers/market makers (like DWF Labs) have recently shifted massive token holdings to exchanges to take profit, and a 10.4 million token unlock hits on July 10. If these selling pressures break the $1.30 floor, the token will likely slide back toward $0.40.
$VELVET