VELODROME FINANCE. 0.34 USDT BY END OF MARCH 2025 GOD WILLING.HOW IS ALL THIS POSSIBLE YOU SAY? REMEMBER TWO WORDS " KRAKEN" AND " SONEIUM"
From the technical perspective, **Velodrome Finance (VELO)** appears to be completing a classic corrective phase following its previous strong rally. Multiple indicators suggest that selling pressure may be subsiding, setting the stage for a potential bullish reversal. Below are the key observations:
1. **Elliott Wave Structure**
- The chart labeling points to a clear five-wave advance (1 through 5), followed by an A-B-C corrective pattern. Prices now appear to be completing the final leg of this correction.
- Often, once a final C wave completes, the market transitions into a new bullish impulse.
2. **Hidden Bullish Divergences**
- On both the **Williams R%** and **Stoch RSI** panels, hidden bullish divergences have formed as price made lower lows while the indicators made higher lows.
- Such hidden divergences indicate that selling momentum is weakening and may foreshadow an upswing in price.
3. **Decreasing Net Outflows from OKX EXCHANGE**
- The chart’s “Net Money Flow” metric for OKX shows that net outflows have tapered off after reaching peak selling levels.
- A reduction in outflows can signal that strong selling activity is slowing down, possibly leaving room for a price recovery if buyers re-enter the market.
4. **Support Zones Holding**
- Key horizontal supports around the current price region (labeled as areas of “Hidden Bull” in the chart) have consistently held price action.
- Each time the market has tested these support levels, buyers have managed to keep the price from collapsing further.
5. **Upside Potential**
- If the corrective wave is indeed reaching completion, a sustained move above the nearest resistance levels (around the 0.12 – 0.15 USDT range) could spark a stronger bullish push.
- In a highly optimistic scenario, momentum buyers returning to Velodrome might drive price back toward prior swing highs in the 0.20 – 0.30 USDT zone.
**Bottom Line**
While market conditions are always subject to change, these signals—hidden bullish divergences, tapering net outflows, and firm support—point to a potentially favorable shift in momentum for Velodrome. A breakout above immediate resistance could solidify this bullish thesis and kick-start a meaningful rally in the weeks ahead.
