VELVET fluctuated 40.4% in 24 hours: trading volume surged as price rebounded

Volatility Overview

In the past 24 hours, VELVET's price rebounded from a low of $0.07061 to a high/current price of $0.09914, with a fluctuation amplitude of 40.4%. The 24-hour trading volume is approximately $3 million (CoinGecko data: $3.0497 million, up 9.9% from the previous day; CMC data: $3.0961 million), and the market cap is about $33 million, indicating increasing capital activity.

Brief Analysis of Abnormal Fluctuations

• The 24-hour trading volume significantly expanded to about $3 million, increasing 9.9% from the previous day, supporting the rebound from the low.

• The 7-day price increase is 37.4%, outperforming the global crypto market (+3.4%) and BNB Chain ecosystem (0%).

No official announcements, news events, whale transactions, or on-chain abnormal activities were found in the past 24 hours.

Market Views and Outlook

Community sentiment is neutral to bullish, and CoinGecko data shows 50% bullish sentiment. Short-term active trading may continue the rebound, but some forecasts suggest a possible pullback to around $0.048 before April 14, so it's important to monitor trading volume sustainability.