🚨 VELVET $VELVET — SHARP BEARISH BREAKDOWN!
VELVET/USDT is showing heavy selling pressure on the 4H chart.
📊 Fresh Market
• Current Price: $0.1316
• 24H Change: -21.67%
• 24H High: $0.1862
• 24H Low: $0.1261
• Key Support: $0.1261
• Resistance: $0.1862
• Major Resistance: $0.3167
• Visible Swing High: $1.24730
🔴 Market Direction: BEARISH
The chart shows a major decline from the $1.24730 swing high, followed by another aggressive sell-off. Price is now hovering close to the $0.1261 recent low.
The key question is whether $0.1261 can hold.
⬇️ Break below $0.1261: bearish pressure could intensify.
⬆️ Reclaim $0.1862: would provide the first stronger recovery signal.
🎯 No confirmed price target is visible in the screenshot, so I’m not inventing one.
⚠️ Risk Warning: Technical levels are not guaranteed future prices. Trade responsibly, especially with an extremely volatile asset.
Do you think VELVET can hold $0.1261?
Or is another breakdown coming? 👇
#VELVET #VELVETUSDT #Crypto #Binance
VELVET/USDT is showing heavy selling pressure on the 4H chart.
📊 Fresh Market
• Current Price: $0.1316
• 24H Change: -21.67%
• 24H High: $0.1862
• 24H Low: $0.1261
• Key Support: $0.1261
• Resistance: $0.1862
• Major Resistance: $0.3167
• Visible Swing High: $1.24730
🔴 Market Direction: BEARISH
The chart shows a major decline from the $1.24730 swing high, followed by another aggressive sell-off. Price is now hovering close to the $0.1261 recent low.
The key question is whether $0.1261 can hold.
⬇️ Break below $0.1261: bearish pressure could intensify.
⬆️ Reclaim $0.1862: would provide the first stronger recovery signal.
🎯 No confirmed price target is visible in the screenshot, so I’m not inventing one.
⚠️ Risk Warning: Technical levels are not guaranteed future prices. Trade responsibly, especially with an extremely volatile asset.
Do you think VELVET can hold $0.1261?
Or is another breakdown coming? 👇
#VELVET #VELVETUSDT #Crypto #Binance
