At press time, the Venice Token price was trading at $18.93 with an intraday loss of 11%. It has dropped by 45% since the September high and is trading below the major support zone of $20. The OI has dropped by 16% to $35.80M in the past 12 hours, which showcases that existing positions are closing. The technical analysis suggests that the VVV coin price has witnessed a sharp fall of 16% on 10th November. However, buyers were in the $18.50 zone, and the price bounced back from this zone.
If the Venice Token price manages to hold the price, then this correction phase can end here. Additionally, a bullish rally can be seen, and the price can extend to the previous swing high of $34.66. Conversely, if the price slips below this zone, strong selling pressure can be seen.