Huh, has the VELVET coin been moving recently? I just checked, and it’s up 14.63% in the past 24 hours, rebounding from a low of $0.07 to around $0.09, with trading volume also noticeably active. But this rebound is a bit interesting; over the past 7 days, it’s fallen 13.13%, so it seems more like a short-term recovery.

It looks like funds are entering the market, with trading volume expanding to nearly $580k, and the market cap is over $580k. The community sentiment is probably about fifty-fifty; many are optimistic. But I’m more concerned about whether this upward trend can continue, since I haven’t seen any special news or major events driving it—just increased trading activity.

Some say it might continue to rebound in the short term, but there are also warnings to watch out for a pullback risk. Anyway, VELVET’s current movement still depends on whether the trading volume can stay steady; if volume shrinks, caution might be necessary. Are you following this project?