Venice Token Gains 4.46% as Selling Pressure Persists

Venice Token rose 4.46% in the 24 hours through Oct. 12 after a 27% weekly decline, but negative funding and weakening indicators kept selling pressure in focus. Trading volume increased 128% from the previous day. Open interest rose 8.5%, while spot cumulative volume delta continued higher, suggesting improving demand in spot and perpetual markets. Funding rates turned negative, suggesting that short positioning had become slightly overcrowded. The shift came as VVV attempted to recover from its decline between Oct. 5 and Oct. 9. VVV’s daily price structure remained bullish after the token broke a previous swing high in September.

Source: TokenPost