Deep Dive
1. Vietnam Blockchain Partnership (Bullish Impact)
Overview:
On June 16, 2025, Venom announced a partnership with Vietnam to develop a sovereign blockchain-backed financial infrastructure, including digital payments and cross-border solutions. The collaboration targets Vietnam’s 17M crypto users and aligns with its 2025 Digital Infrastructure Strategy.
What this means:
Institutional adoption often drives demand for native tokens. The partnership validates Venom’s Layer-0 protocol for real-world use, potentially increasing utility and long-term holder confidence. However, the 12-month rollout phase means immediate impacts may be limited.
What to look out for:
Progress updates on Vietnam’s pilot programs and regulatory clarity from its proposed Crypto Pilot Resolution (expected 2025).
2. Technical Rebound Signals (Mixed Impact)
Overview:
VENOM’s RSI-14 rose to 33.73 (from 31.44 a week ago), exiting “oversold” territory. Price rebounded from the 50% Fibonacci retracement level ($0.1605) toward the 38.2% level ($0.1707).
What this means:
Traders may interpret the RSI recovery and Fibonacci bounce as a short-term buying signal. However, the MACD histogram remains negative (-0.00227), and the 7-day SMA ($0.1405) acts as resistance.
Key threshold:
A close above $0.135 (78.6% Fib level) could signal sustained momentum; failure risks retesting $0.1173 (2024 low).
3. Token Unlock Dynamics (Neutral Impact)
Overview:
A $8.59M VENOM unlock (0.79% of supply) occurred on September 25. Historically, Venom unlocks have caused volatility, like the 34% volume drop before June’s $25M BLAST unlock.
What this means:
This unlock’s smaller size (vs. June’s 35% BLAST unlock) limited sell pressure. However, the lack of staking mechanisms or announced use cases for unlocked tokens keeps dilution risks alive.
Conclusion
VENOM’s rally reflects a mix of Vietnam partnership optimism and technical buying, though broader bearish trends (11% weekly market cap drop) and dilution risks persist.
Key watch: Can VENOM hold above $0.135 post-unlock, or will profit-taking reverse gains ahead of October’s mainnet upgrade? Monitor trading volume trends and Vietnam partnership milestones.