Velvet. narxiVELVET

$VELVET now seen hugh dip be ready

📊 VELVET — 24-Hour Technical Read 1. Range and consolidation VELVET is trading around ~$0.24 according to recent data. The past day shows it trending in a relatively contained band — low-volatility consolidation rather than a strong directional trend. This means the market is likely waiting for a catalyst (listing, news, volume spike) before committing to a directional move. 2. Key support zone Given historical price action: earlier data suggests support may sit around $0.20-$0.22 (for example one source shows a support at ~$0.196). A break below this zone on above-average volume could open vulnerability toward ~$0.18 or lower. 3. Immediate resistance levels On the upside, given the current price ($0.31) per one tracker, resistance lies around $0.30-$0.32. A successful breakout above ~$0.26-$0.27 with momentum could clear a path toward that higher resistance. 4. Volume/Volatility context Trading volume is moderate: for example one source shows 24h volume of ~$9.6 M for VELVET. The consolidation and moderate volume suggest the market is in a “wait” mode not yet executing a major move. 5. Short-term trader bias Neutral-to-slightly-bullish: As long as support near ~$0.20-$0.22 holds, the token could drift sideways or test higher. If support breaks, downside risk is elevated and traders may reduce exposure. A clean breakout above ~$0.26 with strong volume would tilt the bias more bullish.

$VELVET Graph-style read (what the 24-hour chart is telling us) 1. Consolidation inside a tight band. The price has been oscillating between the low-$0.19s and low-$0.22s during the last 24 hours, forming a relatively flat range rather than a clear trend — typical of a newly-listed small-cap that is finding price discovery. 2. $VELVET Key intraday support ~ $0.196. Multiple feeds mark the 24h low in the ~$0.196 area. That level has acted as a short-term floor — a break and close below it on increased volume would suggest further downside.

$VELVET what happened to this coin