๐ $VELVET JUST DID IT AGAIN!
After smashing through a key resistance zone, $VELVET continues to push higher with strong bullish momentum. Price is now trading around $0.1738 after an explosive move of more than +41% in the last 24 hours.
๐ Bullish Signals: โ Resistance breakout confirmed โ Price holding above major moving averages (MA7, MA25 & MA99) โ Strong trading volume supporting the rally โ Market structure remains bullish
However, traders should keep an eye on RSI levels, which are currently in overbought territory. While momentum remains strong, volatility could increase as the market decides its next direction.
๐ฐ Current Price: $0.1738 ๐ฏ Next Key Zone: $0.18 - $0.20 ๐ฅ If buyers maintain control, a move toward previous highs could become a realistic target.
โQuestion For Traders: Do you think $VELVET can reclaim its all-time high near $0.31 this cycle, or is a healthy pullback needed before the next leg up?
#VELVET #CryptoTrading #Binance
After smashing through a key resistance zone, $VELVET continues to push higher with strong bullish momentum. Price is now trading around $0.1738 after an explosive move of more than +41% in the last 24 hours.
๐ Bullish Signals: โ Resistance breakout confirmed โ Price holding above major moving averages (MA7, MA25 & MA99) โ Strong trading volume supporting the rally โ Market structure remains bullish
However, traders should keep an eye on RSI levels, which are currently in overbought territory. While momentum remains strong, volatility could increase as the market decides its next direction.
๐ฐ Current Price: $0.1738 ๐ฏ Next Key Zone: $0.18 - $0.20 ๐ฅ If buyers maintain control, a move toward previous highs could become a realistic target.
โQuestion For Traders: Do you think $VELVET can reclaim its all-time high near $0.31 this cycle, or is a healthy pullback needed before the next leg up?
#VELVET #CryptoTrading #Binance