$VELVET USDT PARABOLIC +18% MOVE — CAN BULLS SUSTAIN MOMENTUM OR COOL-OFF NEXT?
🚀 Bullish Bias: VELVET is showing strong impulsive momentum after an +18% surge, now consolidating just below the 0.423–0.435 resistance zone.
Price action reflects aggressive accumulation from the 0.26–0.31 demand zone, followed by a sharp vertical rally. Buyers are still defending higher lows, indicating trend continuation strength. However, after such a strong expansion, short-term cooling or consolidation is expected before the next breakout attempt. Holding above 0.37 keeps bullish structure intact.VELVET remains in a strong bullish momentum phase but is approaching a key resistance zone where volatility may increase. As long as 0.37 support holds, buyers remain in control, and continuation toward higher highs is possible.
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