While most altcoins are in correction, #Velvet shows a stable technical picture.
Right now, the price is testing a pretty crucial support zone. If it can bounce here and hold, the next target will be $1.05-$1.10. A breakout of this zone opens the door for a much stronger impulse.
I believe that: Velvet could become one of the leaders in the alt season. The coin isn't just holding its ground, but it keeps maintaining a bullish vibe, even when many projects are breaking structure.
I'm keeping this coin on my radar and will start accumulating when I see a bounce confirmation from the current support.
Who has already jumped into VELVET or is keeping an eye on it? What's your take? 👇
VELVETUSDT
Perp
0.5371
-16.96%