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#VELVET Data analysis through Aice100 shows that when $VELVET price is around $0.3788, the 24-hour price change is +6.29%.
In other words, the short-term has risen again, with no sign of stopping.
But note that the long position profit ratio is 47%. Funding rate +0.020%, longs are still paying, and the pullback depends on whether the support below can hold.
Can $0.36933 hold, with $0.39016 being the resistance level above.
Open interest: 33.5081 million → 34.9737 million (up 4.4%)
Major trader long-short ratio: 0.71 → 0.71 (bearish dominance)
Active support: Active buy orders are dominant, net volume share +3.4% (buy 1.24B / sell 1.16B)
Forum posting discussion volume: surged 5659.3% (91 → 5241)