Venom Price Spikes 23% Emerging Among Top Gainers – Bulls Eye $0.11 Mark

Highlights:

• Venom price spikes 23% to $0.0987 as trading volume soars 62%.
• VENOM offers efficient and swift transactions, challenging more traditional systems.
• Overbought technical indicators point to a short-term retracement in Venom price.

Venom’s price has spiked 23% to $0.0987, gaining a spot among today’s top gainers. Accompanying the notable price movement is its daily trading volume, which has soared 62% to $2.93M, indicating heightened investor confidence. Currently, the token is up 64% in a week and 153% in a month, showing intense market activity. 

Top 10 Gainers in the last 24 Hours #DOGINME $OBT $BMT $KEYCAT $TMG $KET #BROCCOLI $WELL $VENOM $SERAPH pic.twitter.com/Oo1WLINjuq

— CryptoGraph Ratings (@RealCryptoGraph) March 14, 2025

With its innovative proof-of-stake mechanism, Venom is making waves in the blockchain space. VENOM is known for its eco-friendly approach and offers efficient and swift transactions, challenging more traditional systems. As a result, many investors are considering it a strong addition to their portfolios. The future of Venom looks promising, with its growing community and ongoing developments. Let’s dive into the world of VENOM and decrypt how high Venom’s price could go.

The Venom 4-hour chart shows a significant bullish breakout in a parabolic curve. The price currently trades at $0.0987, reflecting a +23% gain. The 50-day MA (0.0666) and 200-day MA (0.0527) have now been surpassed, confirming a shift in momentum toward the upside. 

Additionally, the price has broken through the parabolic curve, indicating growing bullish strength. The recent surge in trading volume, which spiked 62% to $2.91M, further supports the likelihood of continued upward momentum, as strong buying interest drives the price higher.

How High Can Venom Price Go?

The Venom price high at $0.098 indicates increasing volatility and powerful buying pressure. A parabolic curve pattern on the chart displays a steep uptrend, which has led to a successful breach above the vital $0.089 resistance mark. This breakout is significant, turning the previous resistance into new support, which could become a solid basis for additional price appreciation.

The price action shows Venom’s previous consolidation at the $0.098 support zone, where the buyers were accumulating before initiating the breakout. The $0.092 level was a significant psychological and technical resistance, which, once broken, opened the way for the current rally. If the uptrend sustains, the next near-term resistance target is at $0.105, with the ability to hit $0.11 in the near term.

Venom Price Faces Overbought Conditions

If a near-term correction occurs, a test of $0.089 may occur, and this level is likely to experience renewed buying interest. Failure to hold above $0.082 may lead to a further retrenchment to the $0.071- $0.0666 support area.

The Relative Strength Index (RSI) is at 89.58, meaning Venom’s price is in the overbought area. Though this reflects the strong bullishness, it also suggests that there could be a near-term pullback or consolidation before the next substantial leg up.

The RSI trendline shows a steady rise, which reflects strong buying interest. However, traders should be cautious of high overbought positions, which can sometimes trigger profit-taking and short-run correction.

Meanwhile, if Venom’s price remains strong above $0.089, the price is set to continue its upward trajectory to $0.105 and even $0.11. However, a fall below $0.089 may trigger a correction to $0.071 or even lower levels, where buying interest will push the prices higher again.