Explosive Pumps Lie Ahead as Altcoins Show Bullish Signs for Parabolic Altseason Peak Arrival
- Altcoins show bullish signs for parabolic altseason.
- Explosive pumps like never before are expected this bull cycle.
- VELO price could pump over 6,500% and even hit $1.
Bitcoin, the pioneer crypto asset has recovered back up to prices over $90,000 this bull market and sentiments are slowly improving, not only for BTC to set a new ATH but for altcoins to pump as well. So far, several capable altcoins show bullish signs for a parabolic altseason peak arrival.
Altcoins Show Bullish Signs for Parabolic Altseason Peak
As we can see from the post above, this analyst says that the market is not bullish enough for the altseason peak that’s set to arrive. In detail, the analyst says that the altcoin run right before us has been ‘slow-cooking’ for over 6 years, specifically, 2,485 days to be more accurate. Thus, the analyst concludes the pump ahead will likely be a massive one.
Furthermore, the analyst states that nothing like this explosive pump will ever have been seen before and the only pump that may come close in comparison is the 2017 bull pump. One of the many altcoins showing highly bullish indicators is VELO. Presently, according to CoinMarketCap analytics, the price of VELO stands at $0.015.
VELO Price Could Pump by Over 6,500%
As explained in the post above, this analyst says VELO is coming from such significant positive volumes both during the price breakout process and after, that it has shifted its trend drastically since and is looking to be positioned to do so even more. He concludes saying that the setup continues to point to a technical target over 6,500% away to hit $0.9528. Finally, he says that VELO even has the potential to hit $1 this bull cycle.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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