Venice Token VVV Rebounds Above $24 After Volatile Week as Emissions Cut
- —VVV gained 10.83% in 24 hours to $24.69, market cap near $1.2 billion
- —Annual VVV emissions cut to 2 million tokens from October 1
- —Nearest support at $23.37, resistance at $25.64
- —Daily MACD at -0.2003 versus 0.6280 signal line remains bearish
Why it matters: Lower emissions and the buy-and-burn mechanism tighten supply, but the bearish daily MACD means a break above $25.64 is needed to confirm the rebound.
Source: Crypto Daily