$VELVET ‌ Recently performed quite impressively, surging over 41% within 24 hours, with the price skyrocketing from $0.462 to around $0.72, currently stabilizing at approximately $0.676. Over the past 30 days, it has risen 636%, with a 90-day gain close to 785%, and a market cap of about $164 million, ranking 224th.

From a technical perspective, the short-term trend is clearly bullish—both the 15-minute and daily moving averages are in a bullish alignment, and the DMI indicator shows strong upward momentum. However, several signals need attention: on the 4-hour cycle, the RSI has reached 75.5, while both the CCI and Williams indicators have entered overbought territory, indicating high short-term heat and a risk of pullback. Additionally, in terms of volume, although the price has risen sharply, the 24-hour trading volume is actually lower than the 7-day average, forming a pattern of "price increase with shrinking volume." This divergence warrants caution against a potential rally-and-retreat scenario.

In terms of sentiment, the community is predominantly bullish, with positive content accounting for 75%, but discussion activity has recently declined. The number of social posts in the past three days has dropped by 80% compared to the previous week, with mainly retail investors discussing it and limited participation from KOLs. From a capital flow perspective, VELVET has recently outperformed BTC, with excess returns of 43.65%.

Overall, VELVET's short-term trend is strong but shows clear signs of overheating. If considering participation, it is advised to watch for volume changes and set stop-loss levels to guard against sharp volatility.