VELO Price Poised for 88x Pump as Altseason Approaches

An analyst has identified several bullish indicators on the VELO price chart, suggesting that an 88x price pump for the altcoin is still in progress. This analyst anticipates that VELO could reach a price target above $1 during the upcoming altseason. The delayed altseason has led to a mix of sentiments within the crypto community, with some experiencing delayed sentiments and rising FUD, while others see it as a golden opportunity to accumulate potent assets before the altseason arrives.

Several analysts have offered their opinions on why altseason was delayed this bull cycle. The most prevalent view is that Bitcoin setting a new all-time high (ATH) before the Bitcoin Halving event altered the cycle's timeline. Typically, altcoins follow Bitcoin's lead when it sets new ATH prices. However, this bull cycle, ETH and legacy altcoins had yet to pump last year. As the crypto market entered 2025, Bitcoin set its first 6-digit ATH and then underwent a prolonged correction phase, which many analysts identified as necessary for a healthy market. This correction paved the way for ETH to set a bottom and begin pumping alongside Bitcoin, although ETH has yet to reclaim its previous ATH prices.

Most analysts agree that Ethereum will lead the ongoing bull cycle’s altseason, and that altcoin prices will not pump unless the price of ETH begins to pump and set new ATHs of its own. With ETH steadily reclaiming higher prices and showing bullish indicators and pump signals on its price chart, analysts are hopeful that the time for altcoin prices to explode is just on the horizon. One analyst, in particular, has highlighted VELO as a high-potential altcoin that could pump explosively in the coming days. According to the analyst's forecast, VELO could experience an 88x pump, potentially pricing the altcoin above the $1 mark. Currently, the price of VELO sits at $0.011, far from its previous ATH of $2.07 set four years ago.