VELVET’s Wild Ride: How a 385% Surge After an 84% Crash Could Rewrite Your Investment Playbook

VELVET’s Wild Ride: How a 385% Surge After an 84% Crash Could Rewrite Your Investment Playbook

Ever wonder what happens when cutting-edge AI meets DeFi liquidity in the wild west of crypto trading? Well, Velvet [VELVET] just sparked another firecracker in the market with a partnership announcement that’s sending shockwaves through its price charts. This isn’t just another collaboration — Velvet’s teaming up with Aerodrome Finance to route Base trades through deeper liquidity pools, offering traders tighter pricing and better fills. The result? A staggering 135% price rally paired with a 382% surge in trading volume in just 24 hours, bouncing back from a jaw-dropping 84% correction. Now, I gotta say, seeing such resilience in a sea of volatility makes you pause—Is Velvet setting the stage for a new kind of market strength, or is this just a high-stakes game with caution flags waving? Strap in, because this whirlwind deserves more than just a passing glance. LEARN MORE

Velvet [VELVET], the AI-powered onchain trading and portfolio terminal, saw yet another bullish catalyst that sent its token’s price soaring. This, after the DeFi platform’s official X handle announced a partnership with Aerodrome Finance.

Velvet routes Base trades directly through Aerodrome, giving users access to deepened liquidity pools while getting tighter pricing and better fills as a result.

This news, alongside the recent bullish price action, has catalyzed VELVET bulls to drive prices higher once again.

Why the recent gains are in line with VELVET’s structure

In the last 24 hours, VELVET has rallied by 135%, with a 382% surge in daily trading volume. This recovery came after the altcoin corrected by 84% in two days, falling from $1.92 to $0.30.

Velvet 1-day Chart
Source: VELVET/USDT on TradingView

The crash was astounding, and it sounded all doom and gloom. However, from a technical perspective, it did not break the altcoin’s swing structure on the 1-day chart.

Instead, the price forayed briefly below the 78.6% retracement level at $0.483, before reclaiming the level as support. This reclamation served as a launchpad for the sizeable rally in recent days.

The Awesome Oscillator seemed to be climbing higher too, showing that momentum has remained bullish despite the deep correction. The selling volume did not appear to be as strong either as the OBV did not fall too far from the high made earlier in June.

Traders’ call to action – Remain cautious!

Velvet 1-hour Chart
Source: VELVET/USDT on TradingView

In the short-term, there is a good argument to be made that following the upward momentum can be profitable. It certainly can be, if the lower timeframe trader knows what they’re doing. Especially in light of this latest update.

The VELVET market has displayed plenty of volatility at a time when the rest of the market was bleeding. It is natural to suspect the relative strength of this token, taking into consideration the price manipulation allegations other wildly volatile tokens have faced.


Final Summary

  • Strong price spike in the last 24 hours was accompanied by a nearly fourfold hike in daily trading volume.
  • Relative strength of VELVET against the wider market has been impressive, but trader and investor caution is warranted.

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