VELVET fluctuates 49.2% in 24 hours: trading volume surges along with active rebound on DEX

Volatility Overview

In the past 24 hours, VELVET's price rebounded from a low of $0.08272 to a high of $0.1234, currently quoted at $0.09639, with a fluctuation amplitude of 49.2%. Trading volume has significantly increased to approximately $7.5-8.95 million, which is clearly higher than usual; according to CoinGecko, the 24-hour trading volume is $8.95 million and the market capitalization is $42.45 million.

Analysis of the Reasons for the Move

- Surge in trading volume: Over the past 24 hours, trading volume increased to $7.5-8.95 million, mainly concentrated on DEXs such as PancakeSwap (BSC) and on the Base chain Uniswap liquidity pools.

- Technical pattern breakout: After breaking out from the downtrend line, price retraced, with no records of large whale transfers on-chain.

No verifiable announcements, partnerships, or airdrop events from the official team in the past 24 hours.

Market View and Outlook

The mainstream sentiment among traders on X platform is bullish, considering this move a "tight consolidation breakout" or "falling wedge reversal," with a short-term target price of $0.104-0.112. CoinGecko shows a 24-hour increase of 21.72%, but warns of high volatility and potential risk of retracement. Analysts remind to pay attention to stop-loss orders and be cautious with high leverage trading.