$VELVET Falls Over 26%, Steady Breakdown After A Choppy Top
$VELVET USDT Perp is under pressure, down 26.06% over the past 24 hours. Price fell from a high of 1.1665 to a low of 0.8369, currently trading at 0.8376. Mark price sits at 0.8378, showing the market pinned right at session lows.
Looking at the 15-minute candles, the session opened choppy near the highs, swinging between 1.0380 and 1.1105 with several failed bounce attempts, before rolling into a long consolidation phase near 1.0380. That base eventually broke down hard, a relentless, sustained slide tore straight through 0.9654 and 0.8929 with barely any relief, the steepest and most persistent leg of the whole session, dragging price all the way into the 0.8369 low.
Volume backs up the move, with 86.90M VELVET traded and 88.21M in USDT terms over the past 24 hours — solid participation behind this breakdown.
Key level to watch now is 0.8369 — does it hold as support, or does the downtrend extend further?
LET'S GO AND TRADE NOW $VELVET
$VELVET USDT Perp is under pressure, down 26.06% over the past 24 hours. Price fell from a high of 1.1665 to a low of 0.8369, currently trading at 0.8376. Mark price sits at 0.8378, showing the market pinned right at session lows.
Looking at the 15-minute candles, the session opened choppy near the highs, swinging between 1.0380 and 1.1105 with several failed bounce attempts, before rolling into a long consolidation phase near 1.0380. That base eventually broke down hard, a relentless, sustained slide tore straight through 0.9654 and 0.8929 with barely any relief, the steepest and most persistent leg of the whole session, dragging price all the way into the 0.8369 low.
Volume backs up the move, with 86.90M VELVET traded and 88.21M in USDT terms over the past 24 hours — solid participation behind this breakdown.
Key level to watch now is 0.8369 — does it hold as support, or does the downtrend extend further?
LET'S GO AND TRADE NOW $VELVET