- VELO price is consolidating within a strong $0.0120–$0.0128 demand zone, where repeated rebounds have prevented further downside pressure.
- Immediate resistance stands at $0.0145–$0.0148 near the 50 EMA, and a breakout could push the token toward $0.0176 levels.
- The Stochastic RSI is extremely oversold, while the VP-POC signals accumulation, suggesting potential for renewed bullish momentum.
VELO price is consolidating around the $0.0128 level, where the token remains within a critical support range that has repeatedly held. Market participants are closely monitoring this zone as it could dictate the next major move.
Support Zone Faces Structural Test
The VELO/USDT chart shows the token holding within a demand region between $0.0120 and $0.0128. This blue-marked support has acted as a consistent base for months, preventing deeper declines. Any decisive breakdown below this area could open the way toward $0.0081, a lower support zone that would represent a considerable structural test for the market.
A tweet from market watcher Dark Horseman noted that price has once again retested this zone after moving opposite of prior expectations. He added that despite the retest, the Stochastic RSI is extremely oversold, creating conditions for a potential bounce.
Volume profile analysis confirms strong interest at current levels. The VP-POC has aligned with the range for nearly a month, reflecting steady accumulation. Traders are therefore paying close attention to whether this base can continue holding or if the token will break lower.
Resistance Levels Cap Upside Potential
The positive side for VELO remains immediate resistance in the $0.0145 to $0.0148 area; the area is also where the 50 EMA has started a decent downtrend. If VELO can reclaim back above here, it will be a sign of renewed buy pressure and further advance towards the previous rallies at $0.0176.
Dark Horseman remains bullish, citing ongoing updates from Veloprotocol as a supportive factor for long-term sentiment. Nonetheless, he stated that short-term momentum is still dependent on whether the buyers have enough strength to break obstacles at this point.
Should there appear to be strength above $0.0176, the higher levels of resistance at $0.0226 and $0.0284 may come back into play. These zones previously halted strong advances, and market behavior there would provide direction for the next stage of price action.
