NullTx 2025-06-06 05:13:54

VENICE TOKEN PRICE ANALYSIS & PREDICTION (June 6) – VVV Advances Bearish After a Short Relief, Targets $2

Resuming selling actions after recovering slightly from a month’s low last weekend, VVV charted a huge loss in the past 30 days and is now preparing to break lower on the daily chart. After the April bounce that led to a significant recovery, VVV halted buying pressure after reaching a high of $5.34 and later took a downturn. This led to a broad retracement phase last month, and the market closed bearishly following a lower low and lower high pattern. Although the $2.7 level held firmly and the bleeding stopped due to a slight recovery. That brought a slight relief in drawdown, and the price increased above $3. Following the bearish pattern, it encountered resistance at $3.15 this week and now appears ready for another leg down on the daily chart. A break below the previous monthly low could fuel more downtrends. Looking ahead, the key level to watch for such a drop lies at $2. A major rebound above this level should trigger a fresh buy capable of bringing positive sentiments back into the market. As of now, it is currently under the bear’s radar. Losing April’s low in the process might cause a major crash to a new low. VVV Key Levels To Watch Source: Tradingview The latest drop is targeted at the $ 2.38 support. If this support fails to produce a bounce, the next key support to keep in mind is $1.8 – April’s low. Breaking lower could crash the price straight to $1. If by chance the bulls find their way back, with a push above the recent $3.15 resistance, higher levels to watch for a test are $4.13 and $5.34, with a potential breakout. Currently, the bears are still in control. Key Resistance Levels: $3.15, $4.13, $5.34 Key Support Levels: $2.38, $1.8, $1 Spot Price: $2.9 Trend: Bearish 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 !