$VELO /USDT Detailed Technical Analysis
Current Price:
$0.01543
Trend: Bullish Momentum in Play
Technical Setup & Market Structure
VELO has broken out of a key consolidation range and is now trading above all significant moving averages:
MA(7): $0.01534 ✅
MA(25): $0.01497 ✅
MA(99): $0.01463 ✅
Price is respecting all short and mid-term EMAs, indicating trend strength.
Targets (Step-by-Step)
🎯 Target 1: $0.0160
Immediate short-term resistance
Testing previous wick highs
🔓 First breakout confirmation level
🎯 Target 2: $0.0175
Local top of the last significant push
Previous resistance turned liquidity zone
🔥 Momentum acceleration zone if broken
🎯 Target 3: $0.0200
Psychological level
High-probability profit-taking zone for scalpers and swing traders
🚀 If reached, could trigger further FOMO entries
Support Zones
🛡️ Support 1: $0.0145
Base of current consolidation
Closest risk management level
🛡️ Support 2: $0.0132
Strong swing support
Below this level, bullish bias weakens significantly
Indicators Review
📈 Moving Averages:
All MAs aligned bullishly (7 > 25 > 99).
This structure often precedes trend continuation unless invalidated.
📊 Volume:
Rising on green candles, fading on red ones.
Healthy bullish accumulation detected.
🔄 MACD / Stochastic:
Currently positive with momentum still intact, but watch for potential overbought signals if price stalls near resistance.
Chart Pattern Insight
Ascending Channel forming with higher highs and higher lows.
As long as this structure holds, trend continuation is the base case.
Final Thoughts
VELO is currently in a momentum-driven mini-bull run but remains a high-risk, high-reward asset due to its low liquidity and speculative nature.
