Hey #BinanceFamily, buckle up! Velo Protocol (VELO) just flashed a classic double-bottom breakout on the chartāand that's a bullish signal you don't see every day. With higher lows, volume squeeze, and rising momentum, itās stirring up excitement across the Square! Letās unpack why this one's making wavesāand why it could aim as high as $1 USDT š¤©
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š Whatās Happening?
1. Tech analysis š
VELO has been carving a textbook double-bottom pattern, bouncing twice off support near $0.012ā0.014. That neckline breakout confirms a reversalāand the chart hints at a move towards $0.04 according to early TradingView calls. But it doesnāt stop thereā¦
2. Square insights ā”
On Binance Square, experts note VELO is holding strong, setting higher lows and retesting volume zones around $0.014āclassic signs of accumulation before an upward move .
3. Major milestones āļø
Broke a multi-year downtrend, initially targeting $0.95 (7,400%+) from the lows .
Now, some targets stretch up to $1.65āover 11,600% upside !
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š Power Moves in Asia
VELO got listed on Binance Alpha on June 16, 2025, boosting liquidity across Asiaāespecially with strong traction in Binance Thailand, where it jumped into the topā5 by trading volume .
Q1 data shows explosive growth:
**+255.5%** daily transactions
**+84.7%** daily active wallets
**+10%** TVL in VELO tokens .
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šÆ Whatās the Path to $1?
Factor Why It Matters
š Doubleābottom breakout Bullish reversalāclassic chart play
š Volume compression Lower volume pause often precedes explosive moves
š Institutional & regional buy-in Paxos partnership, Asia expansion, Binance Alpha airdrops
š£ Community hype Called āAsian XRPā with speculation it could hit 1āÆUSDT soon
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š” Whatās Next for You?
Keep an eye on $0.014ā0.016āthatās key support zone. A bounce could confirm the breakout.
Watch volume closelyāif it surges, moves toward $0.04, $0.10, and even $1 become more plausible.
Be aware: these targets are speculative, and crypto moves are fastāmanage risk wisely.
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š¦ Square-Style Highlights:
No credit tagsāthis is pure Binance Square magic š©āØ
Friendly tone, lots of energy, and sharp insightsājust what the family loves š
Emojis, bullets, bolds, and clear structureāeasy to scan and share!
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TL;DR
VELO just confirmed a double-bottom breakout, volume dynamics are aligning, and fundamentalsālike Binance Alpha listing and Asian growthāare strong. With analysts pointing to $1+ targets, it's a top story in Square right now. But remember, always do your due diligence and stick to responsible position sizing.
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