$VELVET /USDT – Breakout Alert
VELVET is showing strong bullish momentum, currently trading at $0.09835 (+25% in the last 24h) with volume surging to 209M VELVET / 17.95M USDT. Price action is pressing against the $0.099–$0.100 resistance zone, with the ATH at $0.1100 now in sight.
Key Levels:
- Immediate Resistance: $0.0990 – $0.1000
- Next Targets: $0.1050 → $0.1100 (ATH) → $0.1180 (extension)
- Support / Invalidation: $0.0960 (AVL)
Technical Outlook:
- Price trading above AVL confirms short‑term bullish bias.
- MACD momentum expanding; histogram widening.
- Volume well above average, supporting breakout potential.
Trade Idea:
A strong 15‑minute candle close above $0.1000 with sustained volume could open the path to ATH retest. Manage risk with stops 2–3% below breakout candle low.
