🟣 VELVET Update

VELVET is showing strong momentum today, with reports of roughly +25%, but the move is getting increasingly extended.

Current zone: ~$0.55–$0.57

Bullish: Holding above ~$0.55 could keep the recovery structure intact.

Resistance: ~$0.64–$0.67, then ~$0.80.

Risk: Recent staking outflows and liquidation pressure suggest volatility is high.

Strategy: Don't chase a vertical candle. A pullback/retest that holds support is safer for a fresh entry.

Bias: 🟢 Bullish, but high-risk/overextended. A clean break above ~$0.67 could open the way toward $0.80. $VELVET