Last week, a quiet 5% dip on a mid-cap DeFi token caught my eye while everyone else was chasing green candles on major altcoins.

Most retail traders end up buying the top of a rally because they are too afraid to buy the red days. They watch a token pump, FOMO in at the peak, and then hold the bag during the inevitable correction.

Let's look at what happened with $VELVET when it slid down 5.06% to hit the $0.5622 mark. While panic-sellers saw this as a sign to exit, historical charts of similar DeFi protocols suggest this is a classic accumulation phase. If you look at how $UNI or $AAVE behaved during their early consolidation cycles, these minor pullbacks often act as a spring, building up liquidity before a breakout.

The target range of $0.65 to $0.76 isn't just a random guess. It represents a key resistance level that, if broken, mirrors the recovery path we saw with other utility tokens earlier this quarter. When a project quietly builds during a minor retracement, the patient money usually wins out over those chasing daily gainers.

Where do you think this goes from here?

#DeFi #CryptoTrading #Altcoins