đš $VELVET /USDT â THE PULLBACK IS GETTING SERIOUS đđ„
VELVET is currently around $0.6928, down 0.87% today. After pushing as high as $0.7395 on the 15M chart, sellers have taken control and dragged price down toward $0.6861.
Now the real question: Is this a healthy pullback⊠or the start of a deeper correction?
đ MARKET SNAPSHOT
đ° Price: $0.6928
đ Mark Price: $0.6925
đ 24H High: $0.7500
đ 24H Low: $0.6369
đ„ 24H Volume: 82.81M VELVET
đ” 24H Volume: $57.98M USDT
đ BULLISH SIDE
The chart has already bounced slightly from $0.6861, so buyers are still trying to defend this area.
If $0.6860â$0.6920 holds and price starts reclaiming:
đŻ $0.7069 â first resistance
đŻ $0.7187 â important recovery zone
đŻ $0.7304 â major resistance
đ $0.7395 â recent chart high
đ„ $0.7500 â 24H high
A strong break above $0.7500 with volume could completely change the short-term mood.
đ» BEARISH SIDE
But don't ignore what the candles are saying.
After reaching $0.7395, price created a clear series of lower moves and eventually printed $0.6861.
If $0.6860 breaks decisively:
â ïž $0.6834 â immediate downside area
â ïž Below that, the market could start testing the $0.6700â$0.6600 zone
đš A deeper move could bring the $0.6369 24H low back into focus.
đ BIGGER PICTURE
Today: -1.41%
7 Days: +46.66% đ„
30 Days: +22.04%
90 Days: +511.04% đ
180 Days: +771.56%
1 Year: +985.38% đ€Ż
That long-term performance is impressive, but it also explains why profit-taking can hit hard after huge rallies.
đ„ MY TAKE:
Right now, $0.6860 is the line Iâm watching closely.
Above it â buyers still have a chance to rebuild momentum toward $0.7069 â $0.7187 â $0.7304+.
Below it â the chart becomes much more dangerous, with $0.6834 and then lower support zones coming into play.
The safest move isn't guessing.
Let VELVET show its hand. đ
One strong green candle with volume can flip the setup bullish.
One clean breakdown can send the bears running.
VELVET is currently around $0.6928, down 0.87% today. After pushing as high as $0.7395 on the 15M chart, sellers have taken control and dragged price down toward $0.6861.
Now the real question: Is this a healthy pullback⊠or the start of a deeper correction?
đ MARKET SNAPSHOT
đ° Price: $0.6928
đ Mark Price: $0.6925
đ 24H High: $0.7500
đ 24H Low: $0.6369
đ„ 24H Volume: 82.81M VELVET
đ” 24H Volume: $57.98M USDT
đ BULLISH SIDE
The chart has already bounced slightly from $0.6861, so buyers are still trying to defend this area.
If $0.6860â$0.6920 holds and price starts reclaiming:
đŻ $0.7069 â first resistance
đŻ $0.7187 â important recovery zone
đŻ $0.7304 â major resistance
đ $0.7395 â recent chart high
đ„ $0.7500 â 24H high
A strong break above $0.7500 with volume could completely change the short-term mood.
đ» BEARISH SIDE
But don't ignore what the candles are saying.
After reaching $0.7395, price created a clear series of lower moves and eventually printed $0.6861.
If $0.6860 breaks decisively:
â ïž $0.6834 â immediate downside area
â ïž Below that, the market could start testing the $0.6700â$0.6600 zone
đš A deeper move could bring the $0.6369 24H low back into focus.
đ BIGGER PICTURE
Today: -1.41%
7 Days: +46.66% đ„
30 Days: +22.04%
90 Days: +511.04% đ
180 Days: +771.56%
1 Year: +985.38% đ€Ż
That long-term performance is impressive, but it also explains why profit-taking can hit hard after huge rallies.
đ„ MY TAKE:
Right now, $0.6860 is the line Iâm watching closely.
Above it â buyers still have a chance to rebuild momentum toward $0.7069 â $0.7187 â $0.7304+.
Below it â the chart becomes much more dangerous, with $0.6834 and then lower support zones coming into play.
The safest move isn't guessing.
Let VELVET show its hand. đ
One strong green candle with volume can flip the setup bullish.
One clean breakdown can send the bears running.