VELVET contract end, my view is simple. Don’t just look at one line—focus on this: don’t jump to conclusions yet; first look at the quality of the pullback. The previous full 5m candle was +7.96%. Current price is 0.06499. 24h volume is 7.2251 million. VWAP is 0.06041, and price is above it, with volume at 8.2x.
Can the pullback hold VWAP at 0.06041? After the volume expands to 8.2x, can it continue to stay supported? If price-volume momentum doesn’t connect, the hype will fade; if it does, then it’s worth discussing.
#VELVET #anomaly alert
Can the pullback hold VWAP at 0.06041? After the volume expands to 8.2x, can it continue to stay supported? If price-volume momentum doesn’t connect, the hype will fade; if it does, then it’s worth discussing.
#VELVET #anomaly alert