- VELO’s MACD divergence and historical cycles signal a strong bullish reversal, with a potential 300% surge aligning with past breakouts.
- The price holds above a key ascending trendline, reinforcing strong support and a bullish structure that could trigger an explosive rally.
- Market cycles and accumulation at critical support levels suggest a breakout is imminent, mirroring previous expansion phases.
The cryptocurrency market is showing strong signs of a major shift, with VELO poised for a bullish turn. Market analyst Javon Marks predicts a potential 300% surge based on historical price trends and technical indicators. The latest price action suggests a crucial recovery phase, mirroring past breakout patterns.
MACD divergence previously signaled explosive upward movements. Besides, price action remains within a structured trend, reinforcing bullish sentiment. Technical indicators continue to support an imminent breakout, aligning with key resistance and support levels.
MACD Divergence Signals Strong Reversal Potential
VELO’s MACD divergence is one of the most compelling bullish signals. Historically, this pattern has preceded strong upward trends, and a similar setup is forming. The MACD indicator shows higher lows, even as the price makes lower lows. Consequently, this suggests weakening bearish momentum and an impending trend reversal. Moreover, past instances of this pattern resulted in powerful breakouts, pushing the price
Additionally, the price is holding above a long-term ascending trendline. This trendline has been tested multiple times, confirming strong support. Higher lows over time further validate bullish market structure. Hence, traders anticipate that the market could soon enter an upward expansion phase.
Historical Patterns and Market Cycles Reinforce Bullish Outlook
Besides the MACD divergence, historical price cycles indicate that VELO is on the verge of another breakout. The market has consistently followed expansion and contraction phases, aligning with major technical levels. A rounded bottom formation at the current price level resembles past reversal structures.
Moreover, multiple support zones have provided strong price rebounds in previous cycles. These levels continue to act as key accumulation zones. The red dotted lines highlight repetitive cycles, suggesting that the next phase could be an explosive rally. Additionally, a long-term resistance trendline marks a potential target, reinforcing bullish expectations.
With momentum shifting and accumulation strengthening, VELO’s technical setup suggests a major breakout could be imminent. Technical indicators often precede major news or fundamental shifts. Consequently, investors and traders should closely monitor VELO’s price action. If history repeats itself, VELO could soon experience another remarkable rally.
