Venice Token (VVV) surged 14.55% to $7.06, supported by a significant 83.5% increase in trading volume. The token’s price approached a critical $7.20 resistance zone, a level that has historically capped its upward movement, creating a decisive moment for its continued rally.
Venice Token [VVV] climbed to $7.06 after a 14.55% daily gain, backed by rising participation and volume expansion. Trading volume rose 83.5% to $45.42 million, reflecting stronger engagement behind the rally.
Price approached a critical supply zone, keeping focus on whether buyers could extend the move. VVV formed a series of higher lows along an ascending trendline, keeping the broader structure intact.
Price compressed below the $7.20 resistance while holding above the $5.75 support. This structure showed buyers stepping in at higher levels, reinforcing upward pressure.
MACD crossed above the signal line, with the histogram turning positive. This shift indicated strengthening bullish momentum behind the move.
Spot Netflows have turned positive, with $931,210 in inflows recorded, marking a shift from prior outflow dominance. This transition suggests that tokens are moving back onto exchanges, which introduces potential sell-side liquidity.
Liquidation data showed $85,050 in short liquidations versus $17,920 in long liquidations. This imbalance indicated that bearish positions faced stronger pressure.
When shorts unwind, forced buying can support the price and reduce selling pressure. The liquidation profile suggested the market cleared fragile bearish positions.
