🔍 $VELVET — Riding the Hype or Losing Steam?
💰 Price: $0.06659
📊 24H Range: $0.05520 – $0.06973
📈 24H Change: +12.69%
VELVET just printed a strong rally from $0.058 → $0.0697, now consolidating around $0.066. Price is still above EMA9/EMA21/EMA50, showing bullish control, but momentum looks slightly overheated in the short term.
🎯 Hunters Setup
• Breakout Entry: $0.0675 – $0.0680 (clear push above local resistance)
• Pullback Entry: $0.0645 – $0.0650 (bounce at EMA21 zone)
• 🛡️ SL: $0.0615
• 🎯 TP: $0.0700 – $0.0720
• ⚖️ RR: ~ 1:2
🔧 Tech Snapshot
Momentum remains bullish with EMA alignment (9 > 21 > 50). Current structure shows sideways consolidation after a vertical pump — which usually leads to either a breakout continuation or a deeper pullback for cooling.
VELVET is holding strong after its pump. Hunters should watch for a breakout to ride the next leg, but prepare for dip-buying opportunities if it retraces to support.