- Velo recorded a 34% surge in trading volume, reflecting active participation and strong liquidity despite short-term price consolidation.
- With 73% of total supply circulating, Velo offers predictable liquidity and reduced risk of sudden token unlock pressures.
- Technical structure indicates a completed accumulation phase, with higher lows supporting potential momentum toward the $0.05 psychological zone.
Velo (VELO) continues to capture attention with complex technical structures and growing trading volume. While price consolidation remains evident, the asset displays signs of resilience supported by healthy market participation and evolving structural positioning.
Technical Structure and Market Behavior
The Matter Maker (@TheMatterMaker) shared an updated chart presenting a layered approach to Velo’s price action. The analysis emphasized that Velo has been operating within a broad descending channel since its inception. Multiple geometric layers, including Gaussian curves and trend channels, were used to capture its long-term compression phase.
Unlike broader market behavior, Velo’s recent trajectory shows separation, suggesting potential accumulation and preparation for a larger move. The range between $0.01 and $0.015 has been identified as a level of interest. This area reflects historical support that now aligns with a structural pivot zone.
Volume activity in this zone indicates several “change of character” moments, signaling potential absorption by long-term participants. The repeated formation of higher lows also suggests growing underlying strength, setting the stage for possible continuation if these levels hold.
Market Capitalization and Supply Dynamics
Velo is as of writing, trading around $0.01506, reflecting a minor daily decline of -1.21%. Despite this small price decrease, trading activity has grown by more than 34% in the past 24 hours, with $32.3 million in turnover.
The project’s market capitalization stands at $264.56 million, ranking it #174 among cryptocurrencies. Its unlocked market cap is nearly equal at $263.16 million, showing that most tokens are already circulating. Out of a total supply of 23.998 billion tokens, about 17.56 billion are in circulation.
This circulation level, nearly 73% of the total supply, provides more predictable liquidity flows compared to projects with heavy upcoming unlocks. The fully diluted valuation is $361.51 million, not far from its current market cap, which reduces uncertainty around future supply pressures.
Short-Term Activity and Future Outlook
Short-term price action shows a market searching for direction. The token started trading at around 0.015 22 but rallied back at 0.0158. Nevertheless, the gains were not consistent and price retraced back to an area of support at the $0.0150 level.
The level of volume to market capitalization is 12.2%, which is an indication of an actively involved community regarding the valuation of the project. The healthy participation by buyers and sellers on this level of activity. The number of holders is currently 58.7K, reflecting steady community growth.
From a structural standpoint, Matter Maker’s chart analysis points toward a completed accumulation phase. If momentum sustains above mid-channel levels and Velo reclaims the $0.05 psychological zone, a stronger move could follow. However, failure to hold above current supports could keep price action within a wider re-accumulation cycle.
