VELVET isn’t asking for attention anymore but it’s taking it on its own effort. The token is the highlight as it has surged more than 300% since June 3, including an eye-catching 100% rally in the last 24 hours alone. That move pushed VELVET through the critical $0.20-$0.22 resistance zone, a level that had previously capped upside momentum. With that barrier now cleared, the asset has entered price discovery territory and is trading at a new all-time high.
Naturally, traders are now turning their attention toward the next major level around $0.40. Whether VELVET reaches that target or moves beyond it which will largely depend on whether buying demand continues at the current pace.
For weeks, resistance around $0.20-$0.22 acted as a ceiling for the token. Then buyers stepped in aggressively.
The breakout wasn’t just another routine move. A 100% daily gain is the kind of price action that tends to force market participants to pay attention, especially when it coincides with a major ecosystem development.
Now that VELVET has established a fresh all-time high, traders are watching closely to see if momentum can remain intact.
The rally appears to coincide with a major announcement made on June 3.
Velvet revealed an integration with Trade.xyz aimed at bringing global markets onto its platform. The announcement highlighted a vision where users no longer need separate applications for crypto, stocks, commodities, research, and execution.
Instead, global markets are now accessible through Velvet via the Trade.xyz integration.
Crypto markets often reward narratives, and this one appears to be resonating.
The integration introduces a broader market access proposition, and investors have responded by aggressively accumulating VELVET. Since the announcement, demand has remained elevated, helping fuel one of the strongest rallies seen across the market this week.
For now, VELVET remains in price discovery mode. With the former resistance zone flipped and buyers still active, the focus shifts toward whether VELVET can sustain enough demand to challenge the next major level near $0.40.
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