Just this morning, we shared the update that
$VELVET was approaching the $0.47–$0.49 major support zone.
And Price touched the support area and took a sharp U-turn — now recovering strongly toward the MA99.
Currently, the key level to watch is $0.5730.
If price holds MA99 and stays above $0.5730:
• First expansion: $0.6150 → $0.6360–$0.6400
• Next: $0.7000 → $0.7300
🔥 $0.70–$0.73 is the next major resistance zone.
If momentum remains strong and buyers continue accumulating, a move toward $0.77–$0.80 becomes possible, with even $1.00 back in consideration.
⚠️ But $0.77 area could be dangerous