Venice Token Breaks Out with 10% Rally. How Far Will This Altcoin Jump?
Venice Token (VVV) value rallied 11% on Tuesday to $12.84, breaking above the descending resistance line that had capped each restoration try because the June 3 peak at $21.47.
The transfer ends a six-week correction that bottomed just under $10. Momentum, quantity, and Fibonacci construction now make $14 the subsequent battleground.
Daily RSI Broke Its Downtrend Before the Price Did
Momentum turned earlier than value motion did. The day by day Relative Strength Index (RSI) broke above its descending trendline a number of classes forward of the worth chart. Analysts typically learn such leads as early affirmation of a development change.
The indicator bottomed close to 32 in early July, when the Venice Token value examined the $10 space. It has since reclaimed the 50 midline and its transferring common, and it at the moment sits close to 55.
A studying of 55 leaves room earlier than the overbought zone above 70. However, the sign would weaken if RSI slips again beneath 50 throughout a pullback.
A earlier analysis flagged bearish divergences in VVV simply earlier than the June prime, and momentum has since accomplished a full reset.
Hourly Volume Delivers Critical Confirmation
Daily quantity tells a extra cautious story. It has declined steadily since May, which implies the breakout nonetheless lacks affirmation on larger timeframes.
The hourly chart fills that hole. VVV traded inside a parallel channel between roughly $11.35 and $12.05 from July 18 till Tuesday morning. The break above the channel’s higher band occurred throughout the strongest hourly-volume spike of the complete restoration.
Hourly RSI reached 83 throughout the impulse and has since cooled to 70. Therefore, a retest of the $12.00 to $12.05 space could be a pure subsequent step.
Holding that zone would verify it as new help and echo the bullish setups that preceded the May rally.
Venice Token Price Prediction Makes $14 the Gate to $16.80
The correction from $21.47 stopped nearly precisely the place the Fibonacci concept mentioned it ought to. The low fashioned just under $10, barely above the 0.618 retracement at $9.33, and close to a previous resistance space.
The present goal sits on the 0.382 retracement close to $13.97. That stage overlaps a horizontal provide zone round $14, the place VVV stalled repeatedly in May and June. A transfer there would add roughly 9% from present costs.
A clear break above $14 would expose the 0.236 stage at $16.83, about 31% larger.
Beyond that, the report high of $22.58 from January 2025 stays the ultimate barrier. In distinction, a rejection at $14, mixed with a $12 loss, would invalidate the bullish construction and reopen the $10 help.
Fundamentals may speed up the transfer. Venice AI announced on July 17 that $5 of each $100 in API credit score purchases now mechanically buys and burns VVV. The token additionally led a broader altcoin rally in May, and rising burns tighten provide whereas most circulating VVV stays staked.
The setup now reduces to a single query. Either consumers convert $14 right into a launchpad, or the breakout stalls on the similar wall that stopped them twice earlier than.
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