Venice Token (VVV) price rallied 11% on Tuesday to $12.84, breaking above the descending resistance line that had capped every recovery attempt since the June 3 peak at $21.47.

The move ends a six-week correction that bottomed just below $10. Momentum, volume, and Fibonacci structure now make $14 the next battleground.

Daily RSI Broke Its Downtrend Before the Price Did

Momentum turned before price action did. The daily Relative Strength Index (RSI) broke above its descending trendline several sessions ahead of the price chart. Analysts often read such leads as early confirmation of a trend change.

The indicator bottomed near 32 in early July, when the Venice Token price tested the $10 area. It has since reclaimed the 50 midline and its moving average, and it currently sits near 55.

A reading of 55 leaves room before the overbought zone above 70. However, the signal would weaken if RSI slips back below 50 during a pullback.

A previous analysis flagged bearish divergences in VVV just before the June top, and momentum has since completed a full reset.

Hourly Volume Delivers Critical Confirmation

Daily volume tells a more cautious story. It has declined steadily since May, which means the breakout still lacks confirmation on higher timeframes.

The hourly chart fills that gap. VVV traded inside a parallel channel between roughly $11.35 and $12.05 from July 18 until Tuesday morning. The break above the channel’s upper band occurred during the strongest hourly-volume spike of the entire recovery.

Hourly RSI reached 83 during the impulse and has since cooled to 70. Therefore, a retest of the $12.00 to $12.05 area would be a natural next step.

Holding that zone would confirm it as new support and echo the bullish setups that preceded the May rally.

Venice Token Price Prediction Makes $14 the Gate to $16.80

The correction from $21.47 stopped almost exactly where the Fibonacci theory said it should. The low formed just below $10, slightly above the 0.618 retracement at $9.33, and near a prior resistance area.

The current target sits at the 0.382 retracement near $13.97. That level overlaps a horizontal supply zone around $14, where VVV stalled repeatedly in May and June. A move there would add roughly 9% from current prices.

A clean break above $14 would expose the 0.236 level at $16.83, about 31% higher.

Beyond that, the record high of $22.58 from January 2025 remains the final barrier. In contrast, a rejection at $14, combined with a $12 loss, would invalidate the bullish structure and reopen the $10 support.

Fundamentals could accelerate the move. Venice AI announced on July 17 that $5 of every $100 in API credit purchases now automatically buys and burns VVV. The token also led a broader altcoin rally in May, and rising burns tighten supply while most circulating VVV remains staked.

The setup now reduces to a single question. Either buyers convert $14 into a launchpad, or the breakout stalls at the same wall that stopped them twice before.

Source: BeInCrypto