VELO’s price holds higher lows, setting up a breakout path toward the $1.6534 target.
Trading volume around $0.0140 strengthens accumulation zones as bullish momentum rebuilds.
Rising buy volume and resistance retests confirm VELO’s renewed strength and bullish momentum.
VELO’s price structure signals bullish momentum as analysts identify technical patterns hinting at significant future gains. As April closes, updated projections suggest VELO could target the $1.6534 mark over the longer term.
Rising Momentum Sparks New Wave of Bullish Targets
VELO’s market structure shows multiple signals supporting a long-term upward breakout after months of tight consolidation. These developments mark a critical point for traders monitoring potential continuation patterns as the market sentiment improves.
One of the leading technical voices, Javon Marks, shared his latest observations on VELO’s setup. According to market analyst Javon Marks, VELO’s breakout target remains over 11,600% away at $1.6534, based on extended projections. He explained that the asset continues holding higher lows, maintaining the conditions necessary for another substantial wave upward.
Source: Javon Marks
Marks emphasized that VELO’s price broke out of a multi-year downtrend, setting a new bullish foundation across higher timeframes. He detailed that recent consolidation phases allowed accumulation, while volume compressions suggest renewed pressure building under current price levels. As Bitcoin recovers majorly, VELO could closely follow with outsized gains relative to broader market movements.
Additionally, these findings note that the updated VELO logo launch aligns with momentum shifts seen in April, reflecting brand revitalization. As a result of these technical and sentiment drivers, Marks expects VELO’s next major wave to mirror previous expansive moves.
Fresh Technical Patterns Confirm Critical Support Interaction
Another important aspect to consider is how broader support structures are guiding short-term price behavior following breakout attempts. Dark Horseman, an active market analyst, added insights into VELO’s ongoing structural developments.
Source: Dark Horseman
According to Dark Horseman, the price retested the $0.0136 VP-POC zone, offering a fresh opportunity for strategic entries. He observed that although Stochastic RSI declined from recent highs, buy volume steadily increased, supporting an imminent recovery. He pointed out that leveraged positions targeting 20%-30% gains could align well with the emerging bullish structure.
Building on this information, further analysis shows that critical resistance remains near $0.016782 and $0.022657. Meanwhile, the 50-day EMA continues to act as dynamic resistance, with price recently pushing above it during breakout attempts.
Despite the earlier findings, a different trend has also emerged where volume spikes around $0.014000 validate the importance of this accumulation zone. As trading volume expands near key support levels, both technical and volume metrics reinforce VELO’s bullish structure heading into May.
