VELO's Technical Patterns Suggest Potential 14X Price Surge

VELO, a digital asset, is currently exhibiting technical patterns that have historically preceded significant price surges. The asset is forming a higher low with increasing trading volume, mirroring chart configurations that led to substantial gains in previous bull cycles. Specifically, these patterns have resulted in rallies of 14X, 13X, and 4X in 2022, 2023, and 2024, respectively. The current setup suggests a potential for another substantial price increase.

The resistance level at $0.0120000 is becoming more pronounced as the Relative Strength Index (RSI) climbs, indicating genuine momentum behind VELO’s latest accumulation phase. Despite a 52% year-to-date decline, VELO has surged over 10% this week, with volume spiking to $144.91 million, suggesting an impending breakout.

VELO’s price structure is aligning with previous multi-X breakouts. The price has settled near $0.0115600, forming a higher low similar to the early stages of its past surges. The RSI has climbed from oversold territory with strength, while price action continues to rise off demand zones. Support is holding firm, and pressure is building beneath the $0.0120000 ceiling. Many traders are closely monitoring this level, as the setup is tight, volume is active, and the range has narrowed, similar to previous breakouts.

VELO’s 24-hour trading volume hitting $144.91 million is a notable indicator of real market participation. Despite being down 52.11% since January, VELO has gained 10.79% in the past week and continues to rise. The current market cap of $98.13 million reflects a steady recovery. With 7.39 billion VELO in circulation out of a maximum supply of 24 billion, the growth potential remains significant. The price is still far below its all-time high of $2.066 but is also well above its bottom of $0.001029. For many long-term holders, this area feels like a stable base.

VELO has not yet confirmed the breakout, but the pattern is clear. The energy and momentum are present, and if this structure follows the historical script, the move from this zone could reshape the rest of 2025. The repeating price behavior and the active volume suggest that market watchers are taking notice, with some already calling it the start of something significant. Others are waiting for the final push above the wedge top to confirm the breakout.