$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. #Write2Earn #Velo