🔥 $VELVET IS HEATING UP ON THE 1H CHART AND LOOKING TO RECLAIM THE UPPER RANGE! 🚀⚡
Pay attention to the 1-hour chart on Futures! $VELVET is breaking out of its range with a +7.75% rise, trading at $0.07285 and nearing the 24-hour high of $0.07475.
What does the technical structure tell us?
🟢 Perfect Bullish Alignment: The price is trading firmly above the EMA 7 ($0.07286), while the EMA 25 ($0.07097) crossed above the EMA 99 ($0.06973), forming a rock-solid dynamic floor.
🟢 MACD in the Green Zone: The histogram remains in positive territory, with the DIF line (0.00125) above the DEA (0.00091), showing that buying pressure is in control of the order flow.
🟢 Bounce from Support: After sweeping liquidity around $0.06317, the asset gained fresh momentum, with 24h volume already exceeding 138.68M VELVET ($9.83M USDT).
🎯 Next Stop: A strong break above $0.07475 clears the way to revisit the previous resistance zone of $0.08000–$0.09569.
Are you riding the long, or waiting for a retest of the EMA 25 before entering? 👇
$VELVET #Velvet #BinanceSquare #CryptoTrading #TechnicalAnalysis #DeFAI
Pay attention to the 1-hour chart on Futures! $VELVET is breaking out of its range with a +7.75% rise, trading at $0.07285 and nearing the 24-hour high of $0.07475.
What does the technical structure tell us?
🟢 Perfect Bullish Alignment: The price is trading firmly above the EMA 7 ($0.07286), while the EMA 25 ($0.07097) crossed above the EMA 99 ($0.06973), forming a rock-solid dynamic floor.
🟢 MACD in the Green Zone: The histogram remains in positive territory, with the DIF line (0.00125) above the DEA (0.00091), showing that buying pressure is in control of the order flow.
🟢 Bounce from Support: After sweeping liquidity around $0.06317, the asset gained fresh momentum, with 24h volume already exceeding 138.68M VELVET ($9.83M USDT).
🎯 Next Stop: A strong break above $0.07475 clears the way to revisit the previous resistance zone of $0.08000–$0.09569.
Are you riding the long, or waiting for a retest of the EMA 25 before entering? 👇
$VELVET #Velvet #BinanceSquare #CryptoTrading #TechnicalAnalysis #DeFAI