$VELVET is showing signs of a strong recovery on the daily chart after bouncing sharply off its recent support zone near 0.53833. Price action has pushed upward to trade near 0.65010, marking a gain of over +25% on the day as buyers step in to absorb recent selling pressure. Holding above the 0.60000 level confirms a solid base, paving the way for a potential move toward higher overhead resistance levels.

Target 1: 0.79239

Target 2: 1.04645

Target 3: 1.30051

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$VELVET