After a 12% surge in a single day, VVV is once again approaching the $19 mark. Foreign media reports indicate that this upward movement is not a short-lived spike, but rather a relatively steady climb, suggesting sustained buying pressure. The current price has returned to an area where selling pressure was previously significant, and the market is watching to see if this level can be effectively broken.
Price approaching key resistance
The report suggests that VVV did not show signs of a rapid surge followed by a pullback during its recent upward movement, but rather gradually rose to around $19. The price remaining at a high level indicates that buyers have not yet concentrated on taking profits, and while selling pressure exists, it has not yet formed a strong suppressive force.
From a price chart perspective, $19 is the most closely watched level in the short term. If the price continues to stabilize around this level, it means that the market's ability to absorb selling pressure from above is strengthening.
Whales and retail investors increased their holdings in tandem.
Foreign media, citing on-chain data analysis, reported that whale addresses are continuing to increase their VVV holdings, while retail orders remain active within the current range. This simultaneous influx of both types of funds in the same direction is uncommon in the crypto market.
The report suggests that such synchronized participation typically makes market trends more sustainable, potentially accelerating the upward movement and making the trend more stable. In other words, this rebound is not entirely driven by a single large investor; ordinary traders are also participating.
- VVV saw a single-day increase of approximately 12%.
- The current testing position is $19.
- The previous all-time high was approximately $23.45.
The next focus will be whether it can reach $19.
The article argues that VVV's current structure remains bullish, but its next direction depends on whether the $19 level can be clearly broken. If the price effectively holds above this level, the market may further target the previous high of around $23.45.
If this resistance level continues to suppress prices, a short-term pause or consolidation would not be unexpected. The report points out that after an asset fails to break through a key resistance level on its first attempt, it often enters a period of consolidation before attempting another upward move.
Overall, foreign media believe that the upward trend of VVV has not been broken, but $19 is still a key level to determine whether this momentum can continue.
