$VELVET is showing strong volatility on the 2-hour chart after pulling back from a recent high near 1.2400 down to support around 0.8000. Price has staged a solid bounce back above 1.0000, signaling renewed buyer interest near local demand zones. Holding above the key 0.9500 floor keeps the bullish continuation setup intact for a retest of overhead resistance levels.

Target 1: 1.1500

Target 2: 1.2400

Target 3: 1.3500

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