- Michaël van de Poppe targets a $8 to $9 accumulation zone for VVV.
- RSI below 30 could signal improving conditions for long-term buyers.
- VVV trades at $10.71 while analysts await trend reversal confirmation.
Venice Token Price remains in a clear downtrend, with analysts pointing to lower levels before a meaningful recovery can begin. Crypto analyst Michaël van de Poppe said he is becoming interested in accumulating VVV only if the Venice Token Price falls into the $8 to $9 range. At press time, VVV traded at $10.71, down 3.72% over the past 24 hours.
Van de Poppe noted that the market has not confirmed a trend reversal. Instead, he expects further weakness before technical conditions become more attractive for buyers.
Venice Token Price Could Find Support Around $8 to $9
According to Van de Poppe, the Venice Token Price approaching $8 to $9 would likely push the Relative Strength Index (RSI) below 30. Such a reading typically signals oversold conditions, encouraging traders to monitor the asset for possible accumulation opportunities.
He stressed that patience remains important because no clear bullish structure has emerged. In an earlier post, Van de Poppe argued that recent criticism of VVV largely came from investors who entered at much higher prices, describing the correction as a normal market cycle.
Market commentator parlayer echoed a similar view, saying a final capitulation could drive the Venice Token Price into the targeted $8 to $9 range. The analyst also noted that buyers defended the $10 level throughout the previous week.
Venice Token Price Awaits Technical Confirmation Before Recovery
The Venice Token Price continues to trade below key resistance, leaving bears in control for now. Traders will likely watch for improving RSI readings, stronger momentum indicators, and a confirmed trend reversal before increasing exposure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
