Velvet Price Prediction: Can VELVET Sustain Its Explosive Rally Above $1 After an 885% Surge?

• VELVET surges 885% weekly as buyers fuel one of crypto’s strongest rallies
• Open interest nears $94M, signaling rising trader confidence and demand
• Limited exchange supply amplifies gains as VELVET breaks above $1.00 mark

Velvet (VELVET) has emerged as one of the strongest-performing cryptocurrencies this week, posting exceptional gains as traders rushed into the market. The token climbed more than 165% over the past 24 hours and has surged over 885% during the last seven days. 

This sharp rally pushed VELVET above the $1 mark and lifted its market capitalization beyond $442 million. While some investors have started taking profits near recent highs, technical indicators suggest the broader uptrend remains intact as bullish momentum continues to dominate the market.

Technical Structure Remains Firm Despite Pullback

The recent advance followed a powerful breako…

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