- Velo forms a rounded bottom and breaks a multi-year resistance, signaling a bullish trend shift with potential for massive gains.
- Higher lows and strong support zones confirm an intact uptrend, despite recent corrections and waning volume in early 2025.
- With a target of $1.6534 from the $0.0148 level, Velo’s structure hints at a 12,990% rally if bullish momentum continues through 2025.
According to Javon Marks, Velo ($VELO) is flashing a massive bullish reversal as it holds above a long-term descending trendline. The price recently broke out from a curved resistance that dominated since mid-2021. This breakout indicates a key shift in market structure.
The asset bottomed near $0.02 and has since been forming higher lows. Currently priced at $0.0148, Velo still shows potential to rally towards the $1.6534 target. That would represent a 12,990% increase. This long-term setup points to upside if the bullish structure remains intact.
Rounded Bottom and Bullish Structure in Focus
Since its decline from $3.50 in 2021, Velo has completed a textbook rounded bottom. The bottom formed near the end of 2022. Following that, a sharp bullish rally emerged in early 2023. Prices broke above the multi-year resistance, confirming a potential trend reversal.
Moreover, higher highs and higher lows have consistently formed throughout 2023 and into 2024. Price surged near $0.09, followed by a brief correction and consolidation. Then came another leg up, pushing it close to $0.14. Volume surged during breakouts, confirming growing interest. However, volume started to decline through early 2025, signaling caution among investors.
Pullback Forms Higher Low, Trend Remains Intact
Between late 2024 and early 2025, a healthy correction unfolded. Despite the pullback, Velo maintained a higher low above key support levels. This behavior supports the continuation of the uptrend. Additionally, trendlines highlight strong support zones. Arrows mark previous breakout points, reinforcing the bullish momentum. The corrective structure failed to invalidate the overall upward trajectory.
Hence, this setup remains bullish. No clear reversal signals have emerged at the latest price action. The chart ends with a speculative upward projection into mid-2025. That move would align with the next leg up in a potential expansion phase.
