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<ul> 
 <li>Despite recent dips, VELO’s indicators suggest the potential for explosive growth, with analysts predicting a surge of over 18,000%.</li> 
 <li>A significant price increase will make way for a new ATH.</li> 
 <li>VELO’s position relative to Bollinger Bands, moving averages, and rising RSI signal positive momentum.</li> 
</ul> 
<p><a href="https://cryptonewsland.com/velos-growth-prospects-look-promising-new-ath-soon/">VELO </a><a href="https://cryptonewsland.com/velos-growth-prospects-look-promising-new-ath-soon/" target="_blank" rel="noreferrer noopener">token</a> is catching the eyes of many investors with its potential for massive gains. According to the post below, Javon Marks, a crypto analyst, suggests that VELO could reach $1.6534 once the upward rally is triggered. Several key indicators suggest that VELO could be on the brink of an explosive surge, potentially reaching new all-time highs (ATH).</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24VELO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$VELO</a> and its breakout holds, meaning the TARGET is STILL @ $1.6534!<br><br>Prices may only be preparing here for another monumental wave up in an over 18,405% uphill run to reach this target… <a href="https://t.co/ni429sKP0B">https://t.co/ni429sKP0B</a> <a href="https://t.co/QSvL5JKjB9">pic.twitter.com/QSvL5JKjB9</a></p>— JAVON
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1809035274950783154?ref_src=twsrc%5Etfw">July 5, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>Currently trading at just $0.008, VELO presents a unique opportunity for those willing to take a calculated risk in the volatile <a href="https://cryptonewsland.com/crypto-market-tumbles-bitcoin-drops-below-60000-amid-300m-liquidations-and-miner-strain/">crypto </a><a href="https://cryptonewsland.com/crypto-market-tumbles-bitcoin-drops-below-60000-amid-300m-liquidations-and-miner-strain/" target="_blank" rel="noreferrer noopener">market</a>. Velo rallied by 460% from a March low of $0.005 to reach a high of $0.028 in April. Following this remarkable growth, VELO’s price dipped to $0.0075 by the beginning of July.&nbsp;</p> 
<p>The price is trading above the lower <a href="https://www.bollingerbands.com/" target="_blank" rel="noreferrer noopener nofollow">Bollinger Bands</a> on the daily, weekly, and monthly charts. This positioning signals a positive sign for potential upward movement.</p> 
<p>Despite this price fall, some analysts believe that VELO is poised could could surge by over 18,000% soon. A crucial aspect of VELO’s current performance is its position relative to the Bollinger Bands on various timeframes.&nbsp;</p> 
<p>Additionally, VELO’s price is currently below its moving average but is on a rising trend across daily, weekly, and monthly charts. This upward trajectory suggests that the cryptocurrency is slowly gaining momentum.&nbsp;</p> 
<p>VELO’s price will soon surpass the 20-day moving average if the prevailing factors don’t change. This will give a strong bullish signal for traders looking to invest in this resilient token.</p> 
<p>Another critical indicator is the <a href="https://www.babypips.com/learn/forex/relative-strength-index" target="_blank" rel="noreferrer noopener nofollow">Relative</a><a href="https://www.babypips.com/learn/forex/relative-strength-index"> Strength Index</a> (RSI). On both the daily and monthly charts, VELO’s RSI readings show that the price is at support but rising gradually. An RSI at support levels typically signals that a cryptocurrency is not overbought or oversold, providing a solid foundation for further gains.&nbsp;</p> 
<p>The gradual rise in RSI also indicates increasing buying pressure. This can propel the price higher in the coming days and weeks.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4> 
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/velos-growth-prospects-look-promising-new-ath-soon/">VELO’s Growth Prospects Look Promising, New ATH Soon?</a></li> 
 <li><a href="https://cryptonewsland.com/bitcoin-rsi-makes-historic-low-despite-microstrategy-buy/">Bitcoin RSI Makes Historic Low Despite MicroStrategy Buy</a></li> 
 <li><a href="https://cryptonewsland.com/bitcoin-soars-over-68000-teasing-previous-ath-of-69000/">Bitcoin Soars Over $68,000, Teasing Previous ATH of $69,000</a></li> 
 <li><a href="https://cryptonewsland.com/time-to-buy-bitcoin-suggests-analyst-as-rsi-hits-oversold-levels-new-btc-ath-soon/">Time to Buy Bitcoin Suggests Analyst as RSI Hits Oversold Levels, New BTC ATH Soon?</a></li> 
 <li><a href="https://cryptonewsland.com/bitcoin-shows-promise-as-rsi-dips-into-oversold-territory/">Bitcoin Shows Promise as RSI Dips Into Oversold Territory</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/velo-could-surge-by-18000-analyst-predicts-new-ath-soon/">VELO Could Surge by 18,000%: Analyst Predicts, New ATH Soon?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

VELO Could Surge by 18,000%: Analyst Predicts, New ATH Soon?

Crypto News Land

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