Here's a quick breakdown of the $VELVET
/USDT Perpetual Futures market with visuals
📌 VELVET/USDT Snapshot
Metric Value
Last Price $0.06638 🔻
INR Equivalent ₹18.92 (+0.47%) 📈
Mark Price $0.06634
24h High $0.07413
24h Low $0.06238
24h Volume (VELVET) 387.78M 🪙
24h Volume (USDT) $25.81M 💵
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📈 Technical Indicators
Indicator Value
Current Volume 1.63M
MA (5) 2.65M 📉
MA (10) 1.98M 📈
➡️ Mixed short-term momentum (MA5 down, MA10 up)
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🔍 Key Price Levels
🔺 Resistance
$0.06815–$0.06793 – Intraday resistance zone
$0.07413 – 24h high & potential breakout level
🔻 Support
$0.06638 – Current last price
$0.06332–$0.06238 – Key support range
$0.06000 (psychological support) 🧠
🧠 Market Sentiment
📊 Sideways-to-bullish (slight gain +0.47%)
📈 Testing resistance near $0.068
⚠️ Still within range – watch for volume spikes
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🧾 Summary
🔄 Range-bound between $0.062 – $0.074
🟩 Slight 24h gain (+0.47%)
📉 MA(5) declining → short-term pressure
📊 MA(10) rising → possible rebound forming
🛑 Key watch: break above $0.068 = possible rally
Would you like alerts or trade setup ideas based on this range? 📲📉📈
#Velvet #ETHBreaks3700 #StablecoinLaw #AltcoinBreakout #Write2Earn