🟣 VELVET Update
VELVET is around $0.45 right now, down roughly 3–5% today, but still +12–13% over the past 7 days.
Key levels:
🟢 Support: $0.42–$0.44
⚡ Resistance: $0.49–$0.50
🚀 Breakout above $0.50 could open $0.53–$0.54
🔻 Losing $0.42 would weaken the setup.
VELVET remains a high-volatility/high-beta play. The token has also faced supply/unlock and wallet-selling concerns, so risk management is important.
My view: 🟢 Bullish above $0.44, but I’d want a strong volume breakout above $0.50 before chasing. $VELVET
VELVET is around $0.45 right now, down roughly 3–5% today, but still +12–13% over the past 7 days.
Key levels:
🟢 Support: $0.42–$0.44
⚡ Resistance: $0.49–$0.50
🚀 Breakout above $0.50 could open $0.53–$0.54
🔻 Losing $0.42 would weaken the setup.
VELVET remains a high-volatility/high-beta play. The token has also faced supply/unlock and wallet-selling concerns, so risk management is important.
My view: 🟢 Bullish above $0.44, but I’d want a strong volume breakout above $0.50 before chasing. $VELVET