VELVET SURGES THROUGH ORDER BLOCK 🚀📈
The 4‑hour chart showed $VELVET ripping through the $0.596 order block, snapping the previous swing high and landing near $0.664, a 37% 24‑hour surge 🚀. Spot futures volume spiked to $112.6 M, confirming that institutional accumulation is feeding the upside bias. The breakout erased the $0.474 support zone, turning it into fresh demand, while the price now sits just shy of the $0.696 resistance ceiling 📈.
Momentum accelerates on the 1‑hour RSI crossing above 70 and the MACD histogram turning positive, suggesting a bullish thrust into the upper band. The next structural hurdle appears at $0.696, where a cluster of limit orders historically absorbs buying pressure. If the price sustains above that level, the market pattern points toward a test of the $0.735 extension, keeping the upside momentum alive 🚀.
Levels to monitor:
Watching support around $0.474
Structure suggests resistance near $0.696
Mid range area: $0.586
DYOR
Follow for Updates
#VELVET #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
The 4‑hour chart showed $VELVET ripping through the $0.596 order block, snapping the previous swing high and landing near $0.664, a 37% 24‑hour surge 🚀. Spot futures volume spiked to $112.6 M, confirming that institutional accumulation is feeding the upside bias. The breakout erased the $0.474 support zone, turning it into fresh demand, while the price now sits just shy of the $0.696 resistance ceiling 📈.
Momentum accelerates on the 1‑hour RSI crossing above 70 and the MACD histogram turning positive, suggesting a bullish thrust into the upper band. The next structural hurdle appears at $0.696, where a cluster of limit orders historically absorbs buying pressure. If the price sustains above that level, the market pattern points toward a test of the $0.735 extension, keeping the upside momentum alive 🚀.
Levels to monitor:
Watching support around $0.474
Structure suggests resistance near $0.696
Mid range area: $0.586
DYOR
Follow for Updates
#VELVET #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare