๐๐ญโ โ โ โ โ โ โ The cryptocurrency market is strange and difficult. Sometimes you invest in a coin and it gains 50% in half an hour; other times, you wait a whole month and it doesnโt even gain 10%.๐
From the chart, I can see the trend starting to turn positive:
* The price is now around 0.22. * The last bottom was near 0.145โ0.16, then higher highs and higher lows formed. * The 7 moving average is above the 25, and this is good for momentum. * The most important thing is holding above about 0.23โ0.24 $GRVT It has good targets in the coming times ๐ญ๐ญ๐ญ๐ญ๐ญ๐ญ๐ญ๐ญ๐ญ๐ญ๐ญ๐ญ๐ญ๐ญ
* โ Current trend: bullish on both timeframes. * โ Price is above the main support near 0.57โ0.58, and this is positive. * โ ๏ธ There is strong resistance at 0.64โ0.70. It must be broken and a close above it is required. * ๐ฏ If 0.70 is broken consistently, the price may target 0.80, then 0.90, then $1.00. * โ If it fails to break 0.64โ0.70, it may return to test 0.58 or lower
VELVET coin saw sharp fluctuations after its launch due to excitement around the DeFAI project (AI + decentralized finance). * It previously rose to more than $2.00, then dropped sharply. * It is currently trading between $0.40 and $0.60 (accumulation/volatility phase). * Strong support is at around $0.40; it has been tested several times and held. * Resistance is at $0.58โ$0.60. * If it breaks above $0.60 with an increase in trading volume, it could rise toward initial targets: * $0.80 * $1.00
Summary: The outlook is positive. A breakout above $0.60 could be a bullish signal; however, if $0.40 is broken, the bullish scenario may weaken.
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