VVV Hits $7.06 and Bulls Throw a Party—But $7.20 Is Still That Friend Who Won't Let Loose

Venice Token [VVV] climbed to $7.06 after a 14.55% daily gain, backed by rising participation and volume expansion. Trading volume surged 83.5% to $45.42M, reflecting stronger engagement behind the rally. Price approached a critical supply zone near $7.20, leaving VVV at a key decision point. Apparently $7.20 is that one guy at the party who just stands in the corner holding his drink, nodding politely while refusing to actually dance.

VVV formed a series of higher lows along an ascending trendline, keeping the broader structure intact. Price compressed below $7.20 resistance while holding above $5.75 support. This structure showed buyers stepping in at higher levels, reinforcing upward pressure. Repeated resistance tests signaled supply remained active in this zone. It's giving textbook bull flag energy—the kind traders screenshot and post with "gonna be rich" in their bio.

MACD crossed above the signal line, with the histogram turning positive. This shift indicated strengthening bullish momentum behind the move. The MACD histogram flexing green is basically the chart equivalent of your trading bot sending you a flexing emoji.

Spot Netflows turned positive, with $931.21K in inflows recorded. Tokens moving back onto exchanges introduce potential sell-side liquidity. However, these inflows coincided with price testing resistance, often reflecting positioning adjustments rather than immediate distribution. Exchange deposits increase available supply but don't always translate into instant selling pressure. People moving coins to exchanges is like moving your bags from the closet to the living room—you're not actually selling, you're just reorganizing your hopium reserves.

Liquidation data showed $85.05K in short liquidations versus $17.92K in long liquidations. Bearish positions faced stronger pressure, aligning with a leverage reset that removed downside bets. When shorts unwind, forced buying can support price and reduce selling pressure—but also reduces immediate squeeze potential. The short sellers basically got rugged harder than a mid-level DeFi protocol, which is always satisfying content.

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. Rising exchange inflows introduced supply near resistance. If demand absorbs this supply, VVV could attempt a breakout beyond $7.20. Will $7.20 finally decide to attend the party? Place your bets—but maybe