🔥 VELVET Update — Aug 19, 2026

VELVET is around $0.64–$0.66, up roughly 17–35% in 24h depending on the exchange. It recently showed extreme volatility after a sharp sell-off and rebound.

🟢 Support: $0.60 → $0.58

🔥 Key resistance: $0.69 → $0.70

🚀 Break above $0.70: could target $0.80

🎯 Above $0.80: $0.90–$1.07 becomes interesting

🔴 Below $0.58: risk of another pullback toward $0.50–$0.48

Bias: 🟢 Bullish but high-risk/volatile. A clean break and hold above $0.70 would be the stronger confirmation; chasing the current pump is risky.

Velvet's DeFAI ecosystem also continues to be a major narrative around the token, with AI trading, on-chain vaults and agent infrastructure. $VELVET