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?

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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)
$7,2232
$7,2232$7,2232
-%1,04
USD
VVV (VVV) Live Price Chart
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