Venom (VENOM) is currently trading at $0.118713, reflecting a modest 24-hour change of 0.87%. The daily price action has seen a high of $0.119556 and a low of $0.117353, indicating a tight range of just 0.002203%, suggesting low volatility in the market.

Volume stands at 896,993, with a volume-to-market cap ratio of 0.37%, indicating a relatively low trading activity compared to its market cap. The short-term moving averages show a bullish trend, with the 8 SMA at $0.1186 and the 21 SMA at $0.1180, both showing positive changes, while the 55 SMA indicates a modest gain of 0.70%.

The one-hour RSI is at 68, suggesting that VENOM is approaching overbought territory, which could lead to a price correction in the short term. Conversely, the 7-day RSI is at 50, indicating a neutral momentum, while the 7-day price change has declined by 9.02%, showing some recent weakness in the price action.

Over the last 14 days, the price has decreased by 1.37%, but the longer-term 30-day price change shows a significant increase of 96.04%. This strong performance indicates underlying strength, although the recent price correction cannot be ignored.

The all-time high of $0.782403 reached on March 25, 2024, highlights the potential for future growth, but the current price is significantly lower, suggesting room for upward movement if market conditions improve. Given the technical indicators pointing towards potential short-term resistance and the mixed sentiment in the recent price performance, a cautious approach is warranted.

Based on the current analysis, a Hold rating is recommended. The bullish moving averages and strong 30-day performance suggest potential upside, while the recent price weakness and high RSI indicate a possible correction, necessitating caution before making any aggressive trading decisions.