Venice Token (VVV) has surged over 19% to surpass $17.12, driven by strong speculative demand in the AI sector. The token's market capitalization neared $791 million, with trading activity exceeding $108 million in 24 hours. VVV's rally was supported by buyers defending key Fibonacci support levels, leading to a breakout above $16.88 and reinforcing bullish momentum. Technical indicators show VVV trading above its 20, 50, 100, and 200 EMAs, with the Supertrend indicator near $16.67 confirming market control by buyers. However, resistance at $17.33–$17.40 poses a challenge, with a successful breakout potentially targeting $17.67. Open interest has surged beyond $120 million, reflecting increased speculative activity and institutional interest in AI-related assets. Spot flows have also strengthened, with May seeing record capital movements for VVV, indicating renewed accumulation and market confidence. Traders are closely monitoring support levels between $17.06 and $17.16, with stronger demand expected near $16.88. A failure to maintain these levels could lead to short-term selling pressure.