Venice Token (VVV) has increased by 22% in the last 24 hours, reaching a price of $32.22. The price surge occurred amid an influx of investments into tokens related to artificial intelligence and the Base ecosystem. The trading volume of VVV nearly doubled to $146 million, creating strong liquidity for the recent price spike. The high trading volume during the price increase indicates active market participation, suggesting that the trend is not solely dependent on low liquidity. VVV is currently setting new all-time highs, breaking above the $29.45 level.
The rotation into the AI-related token sector remains a key catalyst for the current rise of VVV. Retail traders and large investors are increasing their orders. According to data on average order sizes in futures, many large bids are entering the market at the current price. The rise is fully supported by both retail traders and institutional players, reinforcing the current bullish sentiment. Buyers are expected to maintain their advantage in the short term.
The rotation into the AI-related token sector continues to be an important catalyst for the current rise of VVV. As capital continues to flow into this sector, VVV may sustain its bullish momentum and aim for the next liquidity zone, where the psychological level will be $40. The price of VVV remains above all exponential moving averages (EMA), suggesting the possibility of maintaining momentum. However, the sharp daily increase raises the risk of profit-taking. Although the likelihood of this is low, a sustained move below the breakout level of $29.45 would weaken the current structure and could trigger a pullback to the $27 level.
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