🚨 VELVET (VELVET) Update — Aug 21, 2026
Current setup: VELVET remains highly volatile after its huge rally. It gained about 25% on Aug 12, with the 90-day gain reported around +548%.
Key pivot: ~$0.687
Resistance: $0.98 → $1.32 → $1.61
Support: $0.69 → $0.44 → $0.35
Bullish: Holding ~$0.69 and reclaiming $0.98 could open the way toward $1.32–$1.61.
Bearish: Losing ~$0.69 could bring a deeper pullback toward $0.44–$0.35.
⚠️ My view: Momentum is still interesting, but after such a massive run, don't chase green candles. A clean breakout + retest is safer than entering after a spike. $VELVET
Current setup: VELVET remains highly volatile after its huge rally. It gained about 25% on Aug 12, with the 90-day gain reported around +548%.
Key pivot: ~$0.687
Resistance: $0.98 → $1.32 → $1.61
Support: $0.69 → $0.44 → $0.35
Bullish: Holding ~$0.69 and reclaiming $0.98 could open the way toward $1.32–$1.61.
Bearish: Losing ~$0.69 could bring a deeper pullback toward $0.44–$0.35.
⚠️ My view: Momentum is still interesting, but after such a massive run, don't chase green candles. A clean breakout + retest is safer than entering after a spike. $VELVET