$VELVET is under pressure but the chart is getting tense.
Price is holding at $0.13769, down 0.95%, hovering just above the key $0.130 support zone that previously triggered a bounce. Market cap sits at $26.01M with strong participation from 29,397 on-chain holders, showing interest hasn’t vanished.
Technically, the trend is still bearish. Price trades below MA(7) at 0.1383, MA(25) at 0.1433, and well under MA(99) at 0.1818, confirming sellers remain in control. Volume is fading, signaling exhaustion after the recent drop from the 0.20 region.
Liquidity stands at $1.74M with an FDV of $137.69M, meaning volatility can spike fast if buyers step in. A clean hold above $0.130 could ignite a relief bounce toward $0.143–$0.160. Lose that level, and deeper downside opens up.
This is a make-or-break zone. The next move will be sharp.