$VELVET is showing one of the strongest momentum breakouts on the chart right now. 🚀
Price exploded from around $0.38 to $1.46, backed by a huge surge in volume and strong bullish momentum. The 5, 10, and 20 MAs are all sloping upward, confirming that buyers remain in control.
📈 Bullish outlook: • As long as price holds above $1.20-$1.25, the uptrend remains intact. • A clean break above $1.46 could open the door toward $1.60-$1.80 next.
⚠️ Risk: After a 100%+ move in a single session, a sh...