$VELVET has finally confirmed the breakout after the previous faVELVET / TetherUS PERPETUAL CONTRACTBINANCE:VELVETUSDT.PCryptoSkullSignalVELVET has finally confirmed the breakout after the previous fakeout. This time, buyers managed to push price above the descending trendline. Price is now testing the 50 & 99 EMAs, which are still acting as the key resistance. A strong 4H close above these levels, followed by a successful hold, would confirm growing bullish momentum and increase the chances of a continuation higher. For now, the breakout is holding, and the next focus is reclaiming the EMAs.