VVV Price Breakout: $21 Target in Sight as Sentiment Boosted by Veil Launch
VVV's price action has accelerated towards the $21-pennant pole after breaking out of its consolidation pattern four days ago, with an 11% surge in just 24 hours. The altcoin's rising Open Interest and strong activity across both Spot and Futures markets could lend fuel to a sustained rally.
The token's price breakout coincided with Veil's Multi-Asset Pool going live on Base, supporting five tokens including VVV. This event marks a clear improvement in market sentiment for VVV, with the token's derivatives activity expanding alongside the rally. The Open Interest for VVV jumped by 16% to $53 million.
Retail and whales dominate different markets, with retail orders making up a bigger portion of trading on VVV's spot market, while whale orders have been dominating the Futures market. If buyers maintain control above the breakout zone, chances of VVV's price accelerating towards the $21 pennant pole will be close to certainty.
A significant liquidity cluster worth $35.56 million at around $21 means the price level could be a key target for the network's bulls and holders.