VVV Reclaims the Short-Term Averages: Can It Push Through $24?
Venice Token (VVV) is trading around $22.65, up 6.09% on the day, and the 4H chart shows a quiet but constructive recovery.
After drifting lower for several sessions, price bottomed near $20.47 and turned up, with a run of green candles pushing it back above the MA(7) and into the MA(25). That huge $44.89 spike on the left side of the chart is a one-off wick and not a level to build a trade around.
What the chart is showing:
24h range: $20.05 to $22.87
24h volume: about $7.34M, with 19.1K transactions
Market cap: $1.11B, FDV: $1.84B
On-chain liquidity: $37.38M, with roughly 158K holders
MA(7): 21.86802, now curling up and sitting just below price as short-term support
MA(25): 22.49255, which price has just reclaimed and is now testing from above
MA(99): 24.21978, nearly flat and sitting overhead as the next major resistance
Volume: a noticeable pickup on the recent green candles, with the MA(5) above the MA(10), a mild positive
My take: This is a steady recovery rather than an explosive one, which I actually prefer. Price has reclaimed both short-term averages on improving volume, and the averages are starting to converge, which often comes before a bigger move. The $22.50 area is the first level to hold. A clean 4H close above the 24h high at $22.87 would be encouraging, with the MA(99) near $24.20 as the real test of whether this is a trend change. If $22.50 fails, the MA(7) near $21.87 is the next support, and a loss of that would put the recent low around $20.47 back in play.
Also worth noting, liquidity here is much deeper than on most smaller tokens, so moves tend to be more orderly. I’m watching for a hold above the MA(25) before getting more confident.
#Venice #VVV #CryptoAnalysis #TechnicalAnalysis #Altcoins
$VVV
Venice Token (VVV) is trading around $22.65, up 6.09% on the day, and the 4H chart shows a quiet but constructive recovery.
After drifting lower for several sessions, price bottomed near $20.47 and turned up, with a run of green candles pushing it back above the MA(7) and into the MA(25). That huge $44.89 spike on the left side of the chart is a one-off wick and not a level to build a trade around.
What the chart is showing:
24h range: $20.05 to $22.87
24h volume: about $7.34M, with 19.1K transactions
Market cap: $1.11B, FDV: $1.84B
On-chain liquidity: $37.38M, with roughly 158K holders
MA(7): 21.86802, now curling up and sitting just below price as short-term support
MA(25): 22.49255, which price has just reclaimed and is now testing from above
MA(99): 24.21978, nearly flat and sitting overhead as the next major resistance
Volume: a noticeable pickup on the recent green candles, with the MA(5) above the MA(10), a mild positive
My take: This is a steady recovery rather than an explosive one, which I actually prefer. Price has reclaimed both short-term averages on improving volume, and the averages are starting to converge, which often comes before a bigger move. The $22.50 area is the first level to hold. A clean 4H close above the 24h high at $22.87 would be encouraging, with the MA(99) near $24.20 as the real test of whether this is a trend change. If $22.50 fails, the MA(7) near $21.87 is the next support, and a loss of that would put the recent low around $20.47 back in play.
Also worth noting, liquidity here is much deeper than on most smaller tokens, so moves tend to be more orderly. I’m watching for a hold above the MA(25) before getting more confident.
#Venice #VVV #CryptoAnalysis #TechnicalAnalysis #Altcoins
$VVV
