Velvet (VELVET)

$VELVET

No clue on what this coin is, but these are my reference zones for the short term.

/ Areas it makes sense to look for reactions.

🚨~ I see this coin has some impulsive wicks, meaning risk must be controlled and fomo avoided. https://t.co/rvJ7dHHz2C

📊 This week’s biggest movers are in.

🚀 VELVETUSDT led the gainers with an impressive +235.71%, while MUSDT saw the steepest decline at -73.67%.

Did you catch any of these moves? 👀

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$VELVET has already shown what it’s capable of

and the current structure suggests the move may not be over yet.

After launching from its local bottom

$VELVET rallied more than 1,400% in less than a week

reaching its first all-time high

A sharp correction followed, but instead of breaking the trend

buyers quickly stepped back in and defended higher prices.

Now the market is attempting to build a second impulsive leg.

If momentum continues and the current structure holds

the next target is a fresh all-time high with the potential for another 700%+ expansion from the recent swing low.

The key takeaway is that $VELVET hasn’t started printing lower highs or showing signs of a macro trend reversal.

So far, every pullback has been followed by renewed buying pressure

keeping the bullish structure intact.

As always, nothing is guaranteed in crypto, especially after such a strong move.

But as long as the trend remains intact, the path of least resistance continues to point higher.