Venice Token (VVV) experienced a significant rise, reaching $7.06 after a 14.55% daily gain, driven by increased participation and an 83.5% surge in trading volume to $45.42 million. The token approached a critical resistance zone at $7.20, a level that has historically limited upward movement.The market dynamics showed a series of higher lows along an ascending trendline, indicating strong buyer interest. The MACD indicator crossed above the signal line, suggesting strengthening bullish momentum. However, recent inflows of $931.21K into exchanges could introduce potential sell-side liquidity, posing a challenge to the rally.Short liquidations outpaced long liquidations, reducing bearish pressure and supporting the price. As VVV tests the resistance, the market watches whether demand can absorb the increased supply and sustain a breakout beyond $7.20.