CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

NullTx 2025-05-12 13:43:39

VENICE TOKEN PRICE ANALYSIS & PREDICTION (May 12) – VVV’s Volume Drops, Suspends Bullish Following Minor Rejection

Attempting to resume bullish amid this week’s rally in altcoins, VVV encountered resistance again and took a little downturn following the latest loss. Having suspended bullish, it currently appears weak daily. The month of April was quite eventful for Venice’s VVV as it recovered nicely from a two-month bearish phase with a closing gain of 150% in the space of two weeks. That brought a notable relief in the bleeding and the market sentiment quickly turned bullish. Unfortunately, it lost momentum after failing to push above the $5.34 level in the first day of this month. Recovering briefly from the $3.46 support level this week, it faced another rejection and remained calmly above the key $4 level throughout yesterday. Following a 7% loss today, VVV lost this key level and now looks weak on the daily chart. A drop below the mentioned weekly support could trigger more reductions until it finds a solid support level for a rebound. Despite that, there’s still hope for the bulls. If they manage to intercept the ongoing drop above this week’s support, we can anticipate a rebound with a new bullish signal in the form of an inverse head-and-shoulders pattern. If that comes into play, a huge bullish rally should be expected. VVV’s Key Levels To Watch Source: Tradingview As VVV takes a downturn today, the potential support level to watch is $3.46. A breakdown there could bring us back to the $2.38 support that flipped as resistance during April’s recovery. The main support level to keep in mind is $1.8 in case of more drawdowns. If the buying volume increases, we can expect a climb back to the $5.34 resistance level. A break through it could propel more surge to the $6.84 and $8.95 resistance level before rallying hard. Key Resistance Levels: $5.34, $6.84, $8.95 Key Support Levels: $3.46, $2.38, $1.8 Spot Price: $3.92 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image(s): Shutterstock.com

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta