VELO Faces Critical Resistance at $0.015500 Amid High Pressure

VELO, the native token of Velo Protocol, is currently trading within a critical resistance zone, ranging from $0.014500 to $0.015500. Despite increasing volume and open interest, the token remains constrained by structural and momentum-based barriers. The asset has been oscillating sharply between $0.010000 and $0.015500, with buyers defending the lower zone multiple times. However, the upper Bollinger Band and the EMA200 are now creating additional resistance near the upper boundary of this range.

Bearish analyst Satori has highlighted that VELO is facing significant sell pressure near $0.015500, a level that has rejected advances since March. The 200-period EMA has started to curve downward, which weakens any immediate bullish momentum. Satori notes that VELO’s price continues to test the upper Bollinger Band, but each attempt has triggered seller activity. This indicates active bullish pressure, although the structure remains limited unless the price closes above resistance. The increasing open interest and trading volume confirm intensifying participation from both sides of the market.

Satori’s analysis reveals that VELO’s Bollinger Bands are narrowing, a common sign of low volatility. This squeeze typically precedes a strong move in either direction once the range resolves. However, VELO must overcome the downward-sloping EMA200 before any trend shift can occur. Recent market action has shown that the support band of $0.010000 to $0.011500 is surprisingly steady, with every dip into this zone attracting clear buying interest. Satori believes that without a convincing break above $0.015500, VELO could remain trapped in sideways movement.

This structure leaves VELO in a high-pressure zone where a breakout or breakdown may be imminent. With key indicators converging and volume holding firm, market watchers are eyeing the next decisive move. VELO now faces a critical inflection point that will likely define its short-term direction. The uncertainty surrounding the breakout adds to the complexity, as the EMA200 pressure signal complicates the potential for a sustained upward move. The market is closely monitoring VELO’s next steps, as the outcome will significantly impact its short-term trajectory.