Venice Token jumps 14.55% to $7.06, nearing key $7.20 resistance with rising volume and bullish momentum.

Venice Token (VVV) surged 14.55% to $7.06, supported by an 83.5% increase in trading volume to $45.42M, signaling strong market interest. The price approached a critical resistance level at $7.20, where past rallies have stalled, making it a key test for buyers. Technical indicators like MACD show growing bullish momentum, while short position liquidations have reduced selling pressure. However, increased token inflows to exchanges add caution, as this could supply selling pressure near resistance. The market now watches if demand can absorb this supply and push VVV beyond $7.20 for a sustained breakout.