Velo's breakout above a multi-year downtrend and Paxos collaboration hint at a potential 7,400% price surge toward $0.9528.
VELO’s current bullish accumulation and declining volume trend may signal a powerful upside move as momentum continues to build.
Despite a retracement, Velo's long-term structure and technical setup support a projected multi-thousand percent rally from current levels.
According to Javon Marks, Velo ($VELO) is gaining renewed attention after its latest collaboration with Paxos, sparking speculation of a massive price surge. Traders are revisiting early technical setups following a 1,440% rally from $0.0025 to $0.0389. Although a retracement followed, the overall structure suggests much higher targets. The breakout above a key multi-year downtrend continues to validate bullish sentiment. A projected move toward $0.9528 remains active, implying a possible upside of over 7,400% from current levels.
Breakout Confirms End of Multi-Year Downtrend
From mid-2021 to late 2022, VELO suffered a steep decline, forming lower highs and lower lows below $0.005. A dominant descending trendline captured this prolonged bearish movement. However, that changed in early 2023. Price broke the trendline and rallied, although briefly, before returning to a consolidation zone between $0.002 and $0.003.
Besides, the lower volume oscillator began forming an ascending curve, indicating pressure was building for a larger move. At one point, VELO touched $0.009 before dipping again. The pink shaded zone in the chart highlights a long-term expansion phase targeting $0.9528. Hence, current accumulation may signal the next leg upward.
Volume Decline Adds to Breakout Expectations
Moreover, the second chart from mid-2021 to mid-2025 offers a broader perspective. After a 414% breakout to $0.05489 in March 2023, the price entered a larger accumulation range. This range spans between $0.015 and $0.073. Since then, VELO has printed higher highs and higher lows, shaping a bullish structure.
Additionally, the declining volume trend adds weight to the idea of a coming breakout. Each rally since early 2024 occurred with lower volume, forming a descending volume trendline. This pattern often precedes explosive moves once volume returns.
From the current price of $0.01735, a potential surge to $0.900997 remains in play. That marks an expected increase of 5,089%. Consequently, Velo’s multi-year setup, combined with its recent Paxos collaboration, positions the token for major upside.
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