Velodrome Finance presyoVELO

Big Mikes #altcoin bags $CRV $VELO $OP $UNA $XRP $ETH Got a bunch more but those are must haves. And I been saying that forever guys soon you will see why my picks are top notch

$VELO / $USDT

Rising XRP spot market volumes hint at next stage of a parabolic price rally — Analyst XRP price rallied 16% less than 24 hours after news that Ripple’s legal dispute with the US Securities and Exchange Commission (SEC) could end made headlines on March 19. However, XRP has shed half of its gains over the past two days, losing position below an important level at $2.50. XRP rally continues to be spot-driven XRP matched its all-time high of $3.40 on Jan. 16 as soaring spot buy volumes provided a sustainable parabolic rally that lasted for weeks.  A similar outlook is taking shape again in the XRP market today. Data from Velo suggests that the aggregated spot tape CVD turned positive for the first time since late January.  The aggregated spot tape cumulative trade delta indicator tracks the net difference between the aggressive buy and sell trades across multiple exchanges. When the indicator turns green and rises above zero, it signals growing buying pressure as market buy trades outnumber sell trades. This upward trend reflects persistent buyer aggression, triggering a price rise. A negative aggregated premium on open interest implied that the futures market has continued to bid against an XRP price rise. This means the current situation is a tussle between bullish spots and bearish perps.  Related: Why is the crypto market down today? XRP may tag $2 first before chasing new highs CrediBULL Crypto, an anonymous crypto trader, implied that XRP is on track for an all-time high above $3.40 in the next few weeks, but the crypto asset will potentially retest its immediate lows around $2 before embarking on an uptrend.  Using a Power of 3 technical setup, the trader said that XRP is currently in an accumulation range. This is expected to be followed by a manipulation period, where prices will potentially take out downside liquidity around $1.80 to $2. Dom, a markets analyst, said XRP’s all-time high volume weighted average price (VWAP) is still a bullish threshold for XRP, and the altcoin must “stabilize” around the $2.50 level. While the immediate directional bias is hard to predict, XRP’s long-term market structure remained “constructive,” and one of the extremes ranges at $3 and $2, should be breached over the next few days.  From a technical perspective, XRP could avoid a $2 dip if the prices establish a bullish close above $2.65. This creates a positive break of structure (BOS) for the token, which might convince futures traders to adopt a bullish outlook alongside spot traders. On the contrary, a close below $2.23 nullifies XRP’s recent price action and reinstates the overall bearish trend. Retaining a position above the incline support (black trendline) is necessary for a higher high trend over the next few days.  Despite bullish spot activity, XRP prices linger without a decisive trend shift. The market drifts in sideways consolidation, with bulls and bears locked in a tug-of-war for control. $XRP

Rising XRP spot market volumes hint at next stage of a parabolic price rally — Analyst XRP price rallied 16% less than 24 hours after news that Ripple’s legal dispute with the US Securities and Exchange Commission (SEC) could end made headlines on March 19. However, XRP has shed half of its gains over the past two days, losing position below an important level at $2.50. XRP rally continues to be spot-driven XRP matched its all-time high of $3.40 on Jan. 16 as soaring spot buy volumes provided a sustainable parabolic rally that lasted for weeks.  A similar outlook is taking shape again in the XRP market today. Data from Velo suggests that the aggregated spot tape CVD turned positive for the first time since late January.  The aggregated spot tape cumulative trade delta indicator tracks the net difference between the aggressive buy and sell trades across multiple exchanges. When the indicator turns green and rises above zero, it signals growing buying pressure as market buy trades outnumber sell trades. This upward trend reflects persistent buyer aggression, triggering a price rise. A negative aggregated premium on open interest implied that the futures market has continued to bid against an XRP price rise. This means the current situation is a tussle between bullish spots and bearish perps.  Related: Why is the crypto market down today? XRP may tag $2 first before chasing new highs CrediBULL Crypto, an anonymous crypto trader, implied that XRP is on track for an all-time high above $3.40 in the next few weeks, but the crypto asset will potentially retest its immediate lows around $2 before embarking on an uptrend.  Using a Power of 3 technical setup, the trader said that XRP is currently in an accumulation range. This is expected to be followed by a manipulation period, where prices will potentially take out downside liquidity around $1.80 to $2. Dom, a markets analyst, said XRP’s all-time high volume weighted average price (VWAP) is still a bullish threshold for XRP, and the altcoin must “stabilize” around the $2.50 level. While the immediate directional bias is hard to predict, XRP’s long-term market structure remained “constructive,” and one of the extremes ranges at $3 and $2, should be breached over the next few days.  From a technical perspective, XRP could avoid a $2 dip if the prices establish a bullish close above $2.65. This creates a positive break of structure (BOS) for the token, which might convince futures traders to adopt a bullish outlook alongside spot traders. On the contrary, a close below $2.23 nullifies XRP’s recent price action and reinstates the overall bearish trend. Retaining a position above the incline support (black trendline) is necessary for a higher high trend over the next few days.  Despite bullish spot activity, XRP prices linger without a decisive trend shift. The market drifts in sideways consolidation, with bulls and bears locked in a tug-of-war for control. $XRP

$VELO appears to be gearing up for another key price breakout, following a consistent trend of past surges. The cryptocurrency has shown signs of building up within a logarithmic resistance, with previous instances of this pattern resulting in significant upward movement. Investors are closely watching the current setup, as the possibility of a major price jump seems imminent. Volume Indicates Further Potential for Growth A notable factor that sets this potential breakout apart from others is the cryptocurrency’s volume. VELO’s trading volume is nearing a key level that suggests an impending breakout. Volume often plays a crucial role in confirming price movements, and if VELO’s volume continues to rise, the resulting price move could be even more substantial than initially expected. According to my analysis , VELO shows a series of price movements resembling an upward trend followed by consolidations. The market initially experienced a sharp rise before entering a downward correction. The pattern forms multiple smaller consolidations, each followed by a breakout. During each consolidation phase, volume tends to decrease. The chart illustrates a repetitive cycle of price action with potential support and resistance zones marked. The market structure appears to follow similar patterns over time, reflecting typical bullish and bearish phases. Projected Price Movement and Potential Gains At the very least, VELO may experience a +171% price movement, according to current chart patterns and resistance levels. However, with the volume poised for a breakout, the price surge could extend beyond these expectations, surprising many traders and analysts. The combined effect of these two factors resistance trend and increasing volume sets the stage for a potentially explosive run in the near future. Technically, VELO’s chart shows the cryptocurrency in a familiar pattern of preparing for a breakout. The logarithmic resistance observed in previous breakouts has led to significant price movements, and the same could unfold again. As the volume continues to build up, the conditions appear favorable for a substantial upward trend, making VELO a focal point for traders looking to capitalize on this potential.