📊 $VELVET /USDT Analysis – Has the consolidation started after the storm?

After a price explosion that brought $VELVET to $1.098 and achieved over 160% in 24 hours, the coin entered a correction and stabilization phase near $0.79. It’s noticeable that the selling pressure is easing and the price is moving within a tight range, which could be a signal for accumulation before the next move.

🔍 Key Levels

First Support: $0.760

Strong Support: $0.730

First Resistance: $0.820

Major Resistance: $0.900

🎯 Bounce Trade 🔹 Entry: $0.780 – $0.800 🔹 First Target: $0.850 🔹 Second Target: $0.900 🔹 Third Target: $1.000 🔹 Stop Loss: $0.730

🎯 Breakout Trade 🔹 Entry after a clear close above $0.900 🔹 First Target: $1.000 🔹 Second Target: $1.100 🔹 Stop Loss: $0.840

⚠️ Despite the strong correction from the peak, the price remains above the MA99, keeping the overall trend bullish. A breakout above $0.90 could quickly regain momentum, while a break below $0.73 might open the door for a deeper correction.

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