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VELVET CRASHES THROUGH ORDER BLOCK ⚡📉
The 4‑hour chart ripped $VELVET below the $0.13407 support zone, erasing the last order‑block that held since the rally peak 📉.
Volume surged past $350 M as sellers overwhelmed lingering buy‑walls, pushing the price toward the $0.13340 low and testing the depth of the liquidity pool ⚡. The breach aligns with a broader macro shift away from high‑beta altcoins, suggesting the move is more than a routine correction and borders on a structural breakdown 🚨.
At present, the nearest foothold sits near $0.1325, while the next resistance cluster hovers just below $0.1450, a region that previously acted as a supply ceiling. A rebound would need to reclaim the mid‑range $0.52300 zone to validate a healthy retracement.
The CoinGecko rank slip to #355 underscores dwindling community inflow, while large futures accounts have been liquidating positions aggressively, feeding the down‑trend further. If macro risk‑on sentiment reasserts, we could see a short‑lived bounce, but the current order‑block breach keeps the downside bias intact 🔍.
Levels to monitor:
Watching support around $0.1325
Structure suggests resistance near $0.1450
Mid range area: $0.52300
DYOR
Follow for Updates
#VELVET #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
The 4‑hour chart ripped $VELVET below the $0.13407 support zone, erasing the last order‑block that held since the rally peak 📉.
Volume surged past $350 M as sellers overwhelmed lingering buy‑walls, pushing the price toward the $0.13340 low and testing the depth of the liquidity pool ⚡. The breach aligns with a broader macro shift away from high‑beta altcoins, suggesting the move is more than a routine correction and borders on a structural breakdown 🚨.
At present, the nearest foothold sits near $0.1325, while the next resistance cluster hovers just below $0.1450, a region that previously acted as a supply ceiling. A rebound would need to reclaim the mid‑range $0.52300 zone to validate a healthy retracement.
The CoinGecko rank slip to #355 underscores dwindling community inflow, while large futures accounts have been liquidating positions aggressively, feeding the down‑trend further. If macro risk‑on sentiment reasserts, we could see a short‑lived bounce, but the current order‑block breach keeps the downside bias intact 🔍.
Levels to monitor:
Watching support around $0.1325
Structure suggests resistance near $0.1450
Mid range area: $0.52300
DYOR
Follow for Updates
#VELVET #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
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