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#VELVET Data analysis from Aice100 shows that when $VELVET price is around $0.38077, the 24-hour price change is -72.23%.
How to put it, the short-term is weakening quickly, and the risk of turning weak at high levels is increasing.
But we also can't ignore that 88% of short positions are still profitable. Funding rate +0.133%, longs are still paying, and after breaking support, there will be continued short-term testing.
Above, watch $0.39029; below, see if $0.36935 can hold.
Active support: active sell orders are dominant, net ratio -1.1% (buy $1.96B / sell $2B).
Forum posting discussion volume: heating up 3067.1% (420 → 13.3k).