VELVET/USDT is still under heavy bearish pressure after the sharp breakdown from 0.91. Price is now around 0.1324, down 26%, with the 4H chart showing a clear lower-high/lower-low structure.
🔻 4H: Price remains below the Bollinger mid-band (0.445), while MACD is deeply negative. Key support sits at 0.1261; a clean break could open further downside.
⚠️ 1H: Price is hovering near the lower Bollinger Band (0.1326). MACD has improved and turned positive, suggesting stabilization, but price is still below the mid-band (0.1445).
📌 15M: Momentum remains weak, as selling pressure slows.
Resistance: 0.1387–0.1445
Support: 0.1261
Bias: Bearish until 0.1445 is reclaimed with volume.
$VELVET
$PUNDIX
$BROCCOLI714
🔻 4H: Price remains below the Bollinger mid-band (0.445), while MACD is deeply negative. Key support sits at 0.1261; a clean break could open further downside.
⚠️ 1H: Price is hovering near the lower Bollinger Band (0.1326). MACD has improved and turned positive, suggesting stabilization, but price is still below the mid-band (0.1445).
📌 15M: Momentum remains weak, as selling pressure slows.
Resistance: 0.1387–0.1445
Support: 0.1261
Bias: Bearish until 0.1445 is reclaimed with volume.
$VELVET
$PUNDIX
$BROCCOLI714
