$VELVET Price Surges 135% After Partnership with Aerodrome Finance

The AI-powered onchain trading and portfolio terminal, Velvet [$VELVET], has seen another bullish catalyst that sent its token's price soaring. The DeFi platform announced a partnership with Aerodrome Finance, which will route Base trades directly through Aerodrome, giving users access to deepened liquidity pools while getting tighter pricing and better fills.

This news, alongside the recent bullish price action, has catalyzed $VELVET bulls to drive prices higher once again. The token's price has rallied by 135% in the last 24 hours, with a 382% surge in daily trading volume.

Despite an 84% correction in two days, falling from $1.92 to $0.30, the crash did not break the altcoin's swing structure on the 1-day chart. The price briefly fell below the 78.6% retracement level at $0.483 before reclaiming it as support.

The Awesome Oscillator showed momentum remained bullish despite the deep correction, and the selling volume was not strong enough to impact the market significantly. Traders are advised to remain cautious, but following the upward momentum can be profitable for experienced traders.