Venice Token (VVV) surged 11% to $12.84 on Tuesday, breaking above a descending resistance line that had capped its recovery since the June 2025 peak of $21.47. The move comes after a six-week correction that bottomed just below $10, and as a newly announced buyback program from Venice AI adds fundamental support.
Technical Breakout and Key Levels
The daily Relative Strength Index (RSI) broke its own downtrend before the price did, bottoming near 32 in early July and now sitting near 55. That early momentum shift gave traders a heads-up, but the real test came when VVV pushed through the resistance line on rising hourly volume. Still, daily volume has been declining since May, which means the breakout lacks confirmation on higher timeframes. The next major resistance sits at $14, which aligns with the 0.618 Fibonacci retracement level and also overlaps a prior supply zone. A clean break above $14 could open the path toward $16.83, the 0.236 level.
Venice AI Buyback Program
On July 17, Venice AI announced that $5 of every $100 in API credit purchases will be used to buy and burn VVV tokens. That creates a direct deflationary mechanism tied to usage of the platform's AI services. The token led a broader altcoin rally in May 2025, and the buyback program could help sustain demand if the broader market cooperates. The all-time high for VVV is $22.58, set in January 2025.
The immediate question is whether VVV can hold above the broken resistance line and push through $14. If it fails, the token could retest the $10 support zone. The declining daily volume is a red flag, but the buyback program provides a steady source of buying pressure. Traders will be watching the next few sessions for a volume pickup to confirm the breakout. The $16.83 level remains the next major target if the rally continues.
