The post Venice Token climbs to $7 – Will VVV clear THIS supply zone? appeared on BitcoinEthereumNews.com. Venice Token [VVV] climbed to $7.06 after a 14.55% dailyThe post Venice Token climbs to $7 – Will VVV clear THIS supply zone? appeared on BitcoinEthereumNews.com. Venice Token [VVV] climbed to $7.06 after a 14.55% daily

Venice Token climbs to $7 – Will VVV clear THIS supply zone?

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Venice Token [VVV] climbed to $7.06 after a 14.55% daily gain, backed by rising participation and volume expansion.

Price approached a critical supply zone, keeping focus on whether buyers could extend the move.

Trading Volume rose 83.5% to $45.42M, reflecting stronger engagement behind the rally. However, the move neared a region that historically capped upside.

This left VVV at a key decision point, where structure and activity needed to align for continuation.

Can higher lows break resistance?

VVV formed a series of higher lows along an ascending trendline, keeping the broader structure intact.

Price compressed below the $7.20 resistance while holding above the $5.75 support. This structure showed buyers stepping in at higher levels, reinforcing upward pressure.

Even so, repeated resistance tests signaled supply remained active in this zone.

As price tightened near the upper boundary, the structure pointed toward a potential expansion. If the breakout holds, trendline support could drive continuation beyond resistance.

On top of that, MACD crossed above the signal line, with the histogram turning positive. This shift indicated strengthening bullish momentum behind the move.

Source: TradingView

Do VVV inflows signal selling pressure?

Spot Netflows have turned positive, with $931.21K in inflows recorded, marking a shift from prior outflow dominance. 

This transition suggests that tokens are moving back onto exchanges, which introduces potential sell-side liquidity. 

However, the timing of these inflows coincides with price testing resistance, which often reflects positioning adjustments rather than immediate distribution. 

Exchange deposits increase available supply, yet they do not always translate into instant selling pressure. 

As price holds near the upper range, these inflows create a layer of caution. The market now watches whether this added liquidity slows the rally or simply accompanies continued upward movement.

Source: CoinGlass

Short squeeze reshapes positioning

Liquidation data showed $85.05K in short liquidations versus $17.92K in long liquidations. This imbalance indicated that bearish positions faced stronger pressure.

That move aligned with a leverage reset, removing downside bets from the market.

When shorts unwind, forced buying can support the price and reduce selling pressure.

However, this also reduced immediate squeeze potential after weaker shorts exited. The liquidation profile suggested the market cleared fragile bearish positions.

As a result, price faced less resistance from leveraged downside pressure.

Source: CoinGlass

Can VVV sustain breakout?

VVV tested resistance as structure, indicators, and positioning aligned toward continuation.

Higher lows supported the trend, while MACD confirmed sustained momentum. Short liquidations reduced bearish pressure, keeping the path upward less contested.

Even so, rising exchange inflows introduced supply near resistance. If demand absorbed this supply, VVV could attempt a breakout beyond $7.20.


Final Summary

  • Venice Token [VVV] rose to $7.06, backed by a 14.55% daily gain and an 83.5% jump in Trading Volume.
  • Price approached the $7.20 resistance zone, a key level that previously capped upside.

Source: https://ambcrypto.com/venice-token-climbs-to-7-will-vvv-clear-this-supply-zone/

Market Opportunity
VVV Logo
VVV Price(VVV)
$6.5846
$6.5846$6.5846
-6.62%
USD
VVV (VVV) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Giant Whales Swing into Action Following Fed's Interest Rate Decision! Hidden Whale Bought $112 Million Worth of Ethereum in a Single Transaction! Here Are All Their Recent Altcoin Transactions!

Giant Whales Swing into Action Following Fed's Interest Rate Decision! Hidden Whale Bought $112 Million Worth of Ethereum in a Single Transaction! Here Are All Their Recent Altcoin Transactions!

Following the Fed's interest rate cut, whales also got active. An anonymous whale purchased $112.3 million worth of Ethereum (ETH) and altcoins. Continue Reading: Giant Whales Swing into Action Following Fed's Interest Rate Decision! Hidden Whale Bought $112 Million Worth of Ethereum in a Single Transaction! Here Are All Their Recent Altcoin Transactions!
Share
Coinstats2025/09/18 22:42
Navigating The Crucial Neutral Stance

Navigating The Crucial Neutral Stance

The post Navigating The Crucial Neutral Stance appeared on BitcoinEthereumNews.com. Crypto Fear & Greed Index: Navigating The Crucial Neutral Stance Skip to content Home Crypto News Crypto Fear & Greed Index: Navigating the Crucial Neutral Stance Source: https://bitcoinworld.co.in/crypto-fear-greed-index-neutral-29/
Share
BitcoinEthereumNews2025/09/18 20:34
Wormhole unveils strategic reserve to accumulate W token

Wormhole unveils strategic reserve to accumulate W token

The post Wormhole unveils strategic reserve to accumulate W token appeared on BitcoinEthereumNews.com. Key Takeaways Wormhole announced the creation of a strategic reserve aimed at supporting the value of its native W token. The reserve is part of a broader tokenomics initiative by Wormhole to enhance utility and value within its cross-chain protocol ecosystem. Wormhole introduced a strategic reserve designed to accumulate value into its W token, according to a blog post published today. The cross-chain protocol announced the initiative as part of its tokenomics strategy. The W token serves as Wormhole’s native digital asset within its interoperability ecosystem that connects multiple blockchain networks. Source: https://cryptobriefing.com/wormhole-strategic-reserve-w-token-value/
Share
BitcoinEthereumNews2025/09/17 23:49

Trade GOLD, Share 1,000,000 USDT

Trade GOLD, Share 1,000,000 USDTTrade GOLD, Share 1,000,000 USDT

0 fees, up to 1,000x leverage, deep liquidity