VELVET Price Stabilizes at 0.25%, Slight Exchange Price Divergence

I observe that the price of VELVET has stabilized at approximately 0.25%, indicating a possible period of consolidation after recent volatility. Currently, on the DEX, the trading price is around $0.07224, while on MEXC, it is slightly lower at $0.07206. This small price difference between exchanges suggests minor arbitrage opportunities, but overall, the price movement appears to be steady. During such periods, liquidity typically consolidates, and a lack of significant movement might reflect market uncertainty or equilibrium among traders. The leveling off at 0.25% could imply that buyers and sellers are in a temporary balance, awaiting new catalysts or market signals to drive the price in either direction. Given the current state, it is advisable for traders to monitor the volume and any upcoming news that may disrupt this equilibrium. If the trading volume remains low, I would caution against aggressive trading until a clearer trend emerges. Conversely, a pick-up in volume or news could spark a breakout or a more sustained move in either direction. Overall, the stabilization indicates a cautious market sentiment. For investors, the key will be to look for clear breakout signals or trend reversals before committing substantial capital. Staying vigilant to market updates and remaining patient during this consolidation phase will be crucial for making informed trading decisions.