Velodrome (VELO) Potential Upside – Mirroring Aerodrome’s Rally?If you look at the recent price action of Velodromefinance (VELO) side by side with Aerodromefinance (AERO), there’s an intriguing similarity in the charts. Both tokens had large drawdowns of around –62% over roughly the same time span (about 19–20 days) before Aerodrome launched into a massive rally back in March.
The Setup
Price Action: Velodrome is currently hovering around the lower range after its –62% drop. This consolidation period is often where accumulation happens if buyers are stepping in.
RSI: The Relative Strength Index shows momentum potentially starting to shift from oversold territory, hinting that buying pressure could be building.
Williams %R : Often used as an overbought/oversold indicator, it’s also turning from deep negative territory, another sign that prices might have bottomed and could be poised for a move upward.
Volume: Although Aerodrome’s volume spike was on a smaller absolute scale, the uptick in Velodrome’s volume could be a bullish sign if it continues—higher volume on price upticks usually confirms stronger buying interest.
Why the Bulls Are Hopeful
Similar Trajectory: Aerodrome followed a major correction with a sudden upside push—many are eyeing Velodrome to do the same.
Consolidation Base: When a token spends time “flatlining” near support, it can build a springboard effect if a catalyst (such as new partnerships, listings, or broader market rallies) arrives.
Growing Demand: If Velodrome gains traction in its ecosystem—through staking, new protocol features, or simply community hype—it might attract fresh buyers ready to catch the next wave.
Key Resistance Levels & Targets
$0.20–$0.22: This is the first band of potential resistance where VELO’s last consolidation took place. Breaking above that zone could signal stronger upside momentum.
$0.25+: If momentum really picks up, reclaiming this zone would be a major psychological win. It might open the way for a run back toward previous swing highs.
Risk Factors
As with any crypto asset, there’s no guarantee that Velodrome will mirror Aerodrome’s breakout—market conditions could change suddenly. Always be mindful of potential volatility. Keep an eye on RSI, volume, and overall market sentiment to gauge if the setup remains favorable or if weakness creeps back in.
“And hey, if VELO doesn’t go parabolic any time soon—just tell everyone you’re ‘in it for the technology.’ Works every time!”
