VELOUSD - Looks promisingIf the altcoin season begins in January 2025, the Velodrome Finance is expected to rise sharply.
VELOUSD trade ideas
Velodrome Bullish ScenarioVelodrome has experienced a sharp decline since listing on Binance, but now experiencing an accumulation towards a highly bullish direction.
Intersection of trend lines with the red line may indicate a short term Short position, while intersection with the green lines from a bullish trend indicate further upward movement.
It may stall around the 0.255 area with a potential sell-off back to 0.23 before further rally.
Not financial advice.
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VELODROME Binance / Coinbase probable ScenarioAn expected drop from ATH for VELODROME after Binance listing was highly expected.
While some claim it may drop further, the TA shows too many bullish pointers that should push the price at least till 0.28, with a possible retest in the 0.25-0.26 area.
I will personally make a risk and go long. If the price drops below the 0.225 area without a significant bounce back, we should expect a further drop till around the 0.2 area.
Velodrome is the most used DEX on Optimism and share the same team with the Aerodrome project, the most used DEX on BASE. Since AERO had a very nice uptrend since it's listing on Binance (Futures) with a steady 2$ area and a 1.4B Market Cap, along with the positive updates on Optimism, it is in my opinion safe to assume that Velodrome can reach at least half of Aerodrome's Market Cap, which would mean an easy 3x from today's price of 0.24$.
Not financial advice, INVEST ONLY WHAT YOU ARE READY TO LOSE.
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Velodrome Finance: Key Levels and the Calm Before the Break!!Imagine standing at the edge of a quiet lake in the early morning. The water is still, but you can feel something brewing—a ripple, a shift. That’s where Velodrome Finance (VELO/USD) is right now, hovering around key levels, poised for its next move.
If the price dips to the 50% retracement at $0.23-$0.21, it could find the momentum to push higher. A deeper move to the 61.8% retracement at $0.1770 might still hold promise for a rebound, but if it falls below this level, it’s best to step back and wait for a clearer setup.
On the upside, the target is clear: $0.50. It’s a move that could bring big opportunities, but only if VELO holds strong at these key levels.
This is the kind of moment that defines trading. It’s not about rushing or forcing a move—it’s about watching, waiting, and being ready when the time is right.
Wellness Tip: When the market feels uncertain, take a moment to reset. Step away from the screen, stretch, or just close your eyes for a minute. Trading isn’t just about the moves you make—it’s about staying calm and clear-headed no matter what comes next. 🌿✨
Kris/ Mindbloome Exchange
Trade What You See
VELOGreat morning when VELO is listed on BINANCE. Congrats to everyone who bought low, and even if you bought high. VELOs marketcap is very low, well under 500M, and is currently #328 in CoinGecko. This assest has been on my radar for a very long time. Looks like we are headed to the moon with the right amount of volume and positive price action. No time for paper hands.
VELOUSD 12/3/2024VELOUSD Daily Chart Analysis
VELOUSD has exhibited distinct market cycle phases, presenting a strong bullish setup
.
Key Observations
1. Market Cycle Phases:
o From April to July 2024, price underwent a steep downtrend, indicative of a distribution or markdown phase.
o Between July and November, price transitioned into an accumulation phase, consolidating within a defined range.
2. Breakout Confirmation:
o At the end of November/start of December, price broke out of the accumulation range.
o A spike in volume supports the validity of the breakout, and the price has sustained its position above the resistance level for 7 consecutive days, signaling strong buying pressure.
Trade Details
• Position: Long
• Entry: 0.13341
• Stop Loss: 0.11322 (15.13% risk)
• Target: 0.22295 (67.12% potential return)
• Risk-to-Reward Ratio: 4.43
Summary
The breakout from the accumulation range, supported by volume and momentum, suggests a continuation of bullish activity. The setup offers a favorable risk-to-reward ratio for long trades. Careful monitoring of the stop-loss level is recommended to protect against potential retracements.
Velo ready to break out?Simple chart like usual, Velo looks primed for a breakout here, MC still low should be able to make a few bucks. Drew some basic areas of interest above I expect a reaction in price, good luck!!
Velo - Rising Wedge, Triangle, Double Bottom3 positive chart patterns for a coin that is part of the Base (Coinbase) ecosystem. A double bottom is a W and a W is always a winner.
VELOBig BUY signal on the WEEKLY. The ALTs cycle is coming soon. I see VELO going over a dollar this cycle, easy. Its MC is super low and with the coming of OPs SUPERCHAIN, VELO to the MOON.
VELOVelo seems to be having healthy consolidation. This sideways action is a great opportunity to accumulate in the lower ranges of this channel. Such a low market cap with major upside potential. As OPs number 1 DEX, VELO will be a great performer this cycle.
VELO giant Bull Pedant The giant bull pendant on the VELO chart represents the bullish trend in the price of the VELO, typically indicating strong buying pressure and positive market sentiment, suggesting that the price of VELO is likely to continue rising in the near term.
VELO giant Bull Pedant The giant bull pendant on the VELO chart represents the bullish trend in the price of the VELO, typically indicating strong buying pressure and positive market sentiment, suggesting that the price of VELO is likely to continue rising in the near term.
Is $0.13 Next for VELOToday, VELO flipped it’s former resistance zone to support. Here's a quick analysis of the recent price movement in the VELO token:
The VELO token has recently experienced a significant shift in its price trend, with the resistance level flipping to support. This indicates a bullish reversal, as the token has managed to break through a previously strong resistance level, suggesting increased buying pressure and positive market sentiment.
The price movement suggests that the token is gaining momentum, and if this trend continues, it could potentially lead to further upward movement to around $0.13. However, it's important to keep an eye on market conditions and any news related to the VELO project, as these factors can influence price volatility.
Is $0.13 Next for VELOToday, VELO flipped it’s former resistance zone to support. Here's a quick analysis of the recent price movement in the VELO token:
The VELO token has recently experienced a significant shift in its price trend, with the resistance level flipping to support. This indicates a bullish reversal, as the token has managed to break through a previously strong resistance level, suggesting increased buying pressure and positive market sentiment.
The price movement suggests that the token is gaining momentum, and if this trend continues, it could potentially lead to further upward movement to around $0.13. However, it's important to keep an eye on market conditions and any news related to the VELO project, as these factors can influence price volatility.
MARKET ALERT - VELO May PullbackGiven today’s Marco market environment and VELO’s recent failure to take the .5 Fib level, we may be in for a significant pullback. Consider taking profit today and reinvest after VELO returns to our support zone between .081 and .074.
VELO Hits Major Buy ZoneVELOUSD just re-entered a major buy zone in its volume profile after handily bouncing off significant support. This level has shown impressive trading activity from buyers in the past and may again generate strong interest in the token. This can be a bullish signal, suggesting that the price could continue to rise as buyers step in to take advantage of the perceived value at this level.
Given that the current price of VELOUSD is $0.098, if the buy zone holds, the price could potentially move higher. Traders might look for the next resistance level at around $0.12 for some profit taking, depending on market conditions and overall sentiment.
However, it's important to keep an eye on other technical indicators and market news, as these can influence price movements. Always consider setting stop-loss orders to manage risk effectively.
VELO - Ready for Next Leg?### Velodrome Finance (VELOUSD) Price Analysis
**Current Situation**: Velodrome Finance (VELOUSD) is currently trading around $0.089. This price level is within a significant support zone, which has historically provided a strong foundation for potential upward movements.
**Technical Indicators**:
1. **Support and Resistance**: The current support level is around $0.078, with resistance at approximately $0.105. Holding above the $0.078 support level is crucial for maintaining bullish momentum.
2. **Volume**: There has been a noticeable increase in trading volume, indicating strong market interest and potential for further price movement.
3. **Moving Averages**: The short-term moving averages are trending upwards, suggesting a bullish momentum³.
**Price Direction Forecast**:
Given the current price action and technical indicators, VELOUSD is likely to continue its upward trend. If it breaks above the $0.105 resistance level, it could target the next resistance around $0.12.
Watch Key Support Zone for VELOKey Support Zone Analysis for VELO
1. Historical Price Levels: Support zones are often identified by looking at historical price levels where the asset has previously found buying interest. VELO has previously bounced back from the $0.087 to $0.078 range, this could be a significant support zone.
2. Volume Analysis: High trading volume at these levels in the past can indicate strong support. There was significant trading activity around $0.087 to $0.078, it suggests that many traders see this as a buying opportunity.
3. Technical Indicators: Indicators like the Relative Strength Index (RSI) or Moving Averages can help confirm the strength of the support zone. For instance, if the RSI is approaching oversold levels as VELO nears this support zone, it could indicate a potential bounce.
### Conclusion
As VELO approaches the $0.087 to $0.078 support zone, watch for increased volume, positive technical indicators, and favorable market sentiment to confirm the support. If these factors align, it could be a good buying opportunity.
Velodrome Finance (VELO) is a sleeping giant. Hidden 100x gem?After diving deep into Velodrome Finance's documentation and dApp, it's become crystal clear that VELO is destined to become a top 20-30 market cap token. The fundamentals and long-term prospects are so strong that, honestly, if it doesn't reach that point, I would be shocked. Here's why:
1. Massive Liquidity and Total Value Locked (TVL)
VELO has an impressive amount of liquidity and demand, and it's only growing:
Velodrome's TVL recently hit $97 million, a significant milestone.
It's the top DEX on both Optimism and MODE chains, showcasing its dominance.
VELO is currently ranked #24 in spot volume across the entire DeFi ecosystem—out of thousands of dApps.
This level of liquidity is crucial for several reasons:
It provides stability and reduces slippage for traders.
It attracts more users and projects to the ecosystem.
It demonstrates strong confidence from investors and users.
2. Innovative Tokenomics and Yield Generation
Velodrome's tokenomics model is designed to encourage long-term holding and participation:
Users can lock VELO tokens for up to four years, receiving boosted rewards.
This lock-up mechanism could potentially create supply squeezes, driving up the token's value.
The protocol offers incredible yield options, making it more likely that users will continue to lock up their tokens.
3. Strategic Position on Multiple Chains
Velodrome's role as the largest DEX on Optimism and MODE provides several advantages:
It's expanding to even more chains, including FRAX, LSK, METAL, and BOB.
As a key player in the Superchain ecosystem, VELO is well-positioned to benefit from cross-chain growth.
Low fees and high liquidity make it attractive for DeFi users, potentially driving more activity to Velodrome.
4. The Coinbase Factor and Marketing Potential
The connection to Coinbase is a game-changer:
VELO is already listed on Coinbase, providing exposure to a large user base.
This early Coinbase listing is a huge factor in its potential growth.
5. Comparative Market Analysis
When comparing Velodrome to other successful DEXes, the growth potential is enormous:
With a current market cap of only $85 million and a fully diluted valuation of $192 million, VELO is significantly undervalued compared to its peers.
As the "little brother" of Aerodrome, VELO has similar fundamentals but at a much lower valuation.
6. Potential for Major Exchange Listings
VELO has yet to be listed on some of the largest cryptocurrency exchanges:
VELO is not currently available on major platforms like Binance and Bybit.
Listing on these exchanges could potentially provide a significant boost to VELO's liquidity and accessibility.
7. VELO Price and Long-Term Potential
The potential for significant price appreciation is a key factor in VELO's appeal:
I can confidently say that VELO's current price might look like a dream in the next 1-2 years.
Right now, it's sitting at $0.10, but I recommended it to my followers when it was under $0.05.
The upside potential here is enormous. I wouldn't be surprised if VELO does a 25x from its current price.
Price prediction is anywhere from $2.5 to $10+
With all the data and liquidity I'm seeing, a 100x or higher doesn't seem far-fetched at all.
Conservative estimates place potential future prices in the 25x range, with some optimistic projections even higher.
8. Sleeping Giant in the DeFi Space
VELO is currently a sleeping giant in the DeFi space:
It's vastly underrated and undervalued compared to its fundamentals.
The token has never seen a bull market, meaning its true potential is yet to be realized.
Getting in now could be considered very early, given its growth trajectory.
Conclusion
VELO is a sleeping giant and it will take many people by surprise. It is in my top 10 list of newer coins that have never seen an alt season. If you think you are too late to AERO, you might be too early to VELO.
While these projections are exciting, it's important to remember that the cryptocurrency market is highly volatile and unpredictable. Always conduct your own research and invest responsibly.
COINBASE:VELOUSD OKX:VELODROMEUSDT CRYPTO:VELODUSD MEXC:VELODROMEUSDT CRYPTOCOM:VELODROMEUSD GATEIO:VELODROMEUSDT BITMART:VELOUSDT COINEX:VELOUSDT
$VELO - A Bullish Chart Velodrome is perfectly positioned for the next bull run. Healthy upmoves with strong volumes are providing a glimpse of what VELO's movement in the next 12 months might look like. The team is solid, extremely aggressive, and rapidly expanding across all Superchain member chains.
The chart highlights some major resistance levels.
I wouldn’t be surprised if VELO reached a $5-10 billion market cap by the end of this bull cycle. If this becomes reality, the token could multiply by 30-50x, placing the unit price around $3-5 per token.
Can VELO break ResistanceTo break through the resistance zone at $0.1233, VELO needs to demonstrate strong buying momentum. Here are a few key factors to watch:
1. **Volume Surge**: A significant increase in trading volume can indicate strong buying interest, which is crucial for breaking through resistance levels.
2. **Positive News or Catalysts**: Any positive news, such as favorable macro reports or strategic partnerships, can boost investor confidence and drive the price higher.
3. **Technical Indicators**: Look for bullish signals from technical indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD). These can confirm the strength of the upward move.
Once VELO breaks through $0.1233, the next steps could include:
1. **Retest of Support**: The previous resistance level may become a new support level. Watch for a retest of this level to confirm the breakout.
2. **Targeting Higher Resistance Levels**: VELO may aim for the next resistance levels marked out in orange and yellow.
3. **Sustained Uptrend**: If the breakout is supported by strong fundamentals and market sentiment, VELO could enter a sustained uptrend, attracting more investors.
What’s next for VELO?Could this pattern be playing out again? We are entering into a period of potential explosive moves across all markets. After pulling back from the September lows, everything seems positioned for a positive October. Will history repeat itself?
