Velvet Price Prediction: Bulls Regain Control as VELVET Eyes a Break Above $0.77

• VELVET holds above major EMAs as bullish momentum strengthens toward key resistance.
• Open interest remains elevated, signaling traders still expect further upside potential.
• Balanced exchange flows suggest steady accumulation continues despite recent inflows.

Velvet (VELVET) extended its recovery this week after posting another solid daily gain, signaling that buyers continue to regain confidence. The token traded around $0.64 after climbing nearly 15% over the past 24 hours and more than 32% during the last seven days. Rising trading volume also highlighted stronger market participation, while the market capitalization approached $270 million. 

Although VELVET remains well below its June peak near $2.16, the latest rebound suggests that bullish momentum continues to build. Traders now watch whether the token can maintain its recovery and challenge key resistance l…

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