Venice Token (VVV) plunges 21% amid sharp sell-off and long liquidations

Venice Token (VVV) dropped 21.27% in 24 hours with trading volume down 27.74%, signaling weakening market interest. The token failed to break above $20.86 resistance and broke below its ascending support, triggering a correction phase. Long liquidations dominated, totaling around $310.91K, indicating many bullish traders exited positions amid rising volatility. Until Open Interest stabilizes and spot demand returns, VVV is likely to remain under selling pressure with possible support near $12.41 and $8.49.