Venice Token VVV Falls Below $15 Mark
- Price Decline: VVV dropped approximately 11% within 24 hours, breaking below the $15 support level with the latest trading price at $14.87, indicating a swift regain of control by sellers and difficulty for buyers to recover in the short term.
- Market Participation Shift: As VVV's price declined, retail traders and smaller whale wallets became more active, suggesting some traders attempted to absorb the sell-off; however, the largest holders remained cautious, leading to fragile market sentiment.
- Increased Trading Volume: Alongside heightened volatility, trading volume rose, often marking a transition phase between buyers and sellers, with VVV's stability hinging on the return of demand in significant size.
- Future Outlook: VVV remains under pressure after losing a key support level, and continued whale silence may allow sellers to extend the drop, with recent volatility causing VVV to retreat from its high of nearly $19 in May to its current level.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TOKEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00115 | 0.00182 | 0.0023 | 0.00297 | 0.00345 | 0.00412 | 0.00461 |
| Fibonacci | 0.00182 | 0.00226 | 0.00253 | 0.00297 | 0.00341 | 0.00368 | 0.00412 |
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