VVV’s price dropped 11% in 24 hours after failing to breach the Fibonacci golden zone between $12.7 and $15, establishing a local high at $14.85. Open Interest fell by 17% to $42.9 million, indicating traders are unwinding positions amid growing uncertainty. The Stochastic RSI has rolled over from overbought territory, signaling sellers are regaining control and bullish momentum is weakening. The Funding Rate remaining slightly positive suggests the market stays overvalued, with buyers paying a premium despite the recent correction. If selling pressure continues, $10 represents the next major support level for VVV investors.
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