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VELVETUSDT Technical Analysis (4H)
VELVET is currently moving sideways after failing to continue its previous rally. Buyers and sellers look balanced, which usually means the market is waiting for the next big move.
The $0.50 area is acting as an important support. As long as price stays above it, the structure remains stable. On the upside, $0.58–$0.60 is the first resistance zone. A strong breakout above that level could bring fresh bullish momentum.
For now, this is a consolidation phase, so it's better to wait for a confirmed breakout instead of chasing small price moves.
NFA. Always manage your risk.
#Velvet #BinanceSquareFamily #SuprerCycle
VELVET is currently moving sideways after failing to continue its previous rally. Buyers and sellers look balanced, which usually means the market is waiting for the next big move.
The $0.50 area is acting as an important support. As long as price stays above it, the structure remains stable. On the upside, $0.58–$0.60 is the first resistance zone. A strong breakout above that level could bring fresh bullish momentum.
For now, this is a consolidation phase, so it's better to wait for a confirmed breakout instead of chasing small price moves.
NFA. Always manage your risk.
#Velvet #BinanceSquareFamily #SuprerCycle
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