Venice Token (VVV) rebounded by 4.46% in 24 hours after suffering a 27% drawdown between Monday, October 5 and Friday, October 9. Trading volume surged by 128% and open interest rose by 8.5%, but funding rates turned negative, signaling an overcrowded short positioning. On the daily chart, the structure remains bullish, yet volume indicators (A/D and CMF) show persistent selling pressure over the past several months. A daily close below $21.13 would flip the structure bearish, and the $25 support level, now acting as resistance, was retested with a bearish engulfing candle, suggesting risk of deeper decline amid broader altcoin market fear.
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