Venom (VENOM) is currently trading at $0.138343, reflecting a 2.91% increase over the last 24 hours. The daily price range has been relatively tight, with a high of $0.138585 and a low of $0.129585, indicating a controlled market environment with limited volatility.

The trading volume over the past 24 hours stands at 1,731,636, with a volume-to-market cap ratio of 0.60%. This suggests that while there is some interest in VENOM, trading activity is not exceptionally high, which could limit upward price momentum unless new buyers enter the market.

Analyzing the moving averages, the 8 SMA is at $0.1366 with a positive trend of +1.27%, while the 55 SMA is at $0.1357 with a modest increase of +1.91%. The 144 SMA, positioned at $0.1373, shows that VENOM is currently trading above several key short-term moving averages, which generally indicates bullish sentiment.

The 1-hour RSI is notably high at 87, suggesting that VENOM is in overbought territory in the short term. In contrast, the 7-day RSI is at a neutral level of 54, indicating a more balanced market perspective over a longer period, with potential for further growth as the price has increased by 8.34% over the past week.

Despite a slight decline of 1.56% over the last 14 days, the overall trend is positive, with a 6.24% increase over the last 30 days. The all-time high for VENOM remains significantly above the current price at $0.782403, presenting a substantial upside potential if bullish momentum can be maintained.

Given the current technical indicators, VENOM displays strong short-term bullish signals, yet caution is warranted due to the overbought RSI and relatively low trading volume. Therefore, the recommendation is to Hold VENOM for now, as the price has shown resilience, but further confirmation of sustained demand and volume would be necessary to initiate a Buy position.