VELO breaks key structure as volume increases and resistance level comes into view

VELO reclaims the $0.0135 zone, building momentum after bouncing from a strong demand level.

$0.0168 resistance remains critical as traders eye a breakout or structure reset this week.

Bullish targets stretch to $0.0232–$0.024 if BTC holds above the $95K psychological mark.

Velo (VELO/USDT) has shown renewed momentum after reclaiming a key support level and breaking short-term resistance. With volume increasing and market structure shifting, traders are closely watching for a clean breakout or corrective dip.

Volume Surge Drives Price Action Toward Critical Resistance

VELO has established a higher low structure following a bounce from its monthly bullish order block near $0.0095. The asset reclaimed the $0.0135 zone, aligning with the Volume Profile Point of Control (VP-POC). Current price action shows a continuation setup forming above this high-volume node.

This shift in structure prompted market watchers to examine overhead resistance levels and upcoming breakout potential. Market analyst Dark Horseman provided a detailed technical analysis of VELO’s recent trend and positioning.

Source: Dark Horseman

Given the chart’s layout, he observes that VELO pushed through the VP-POC with increasing volume support. Interpreting the recent candlestick formation, he explains that the price is now testing the dynamic resistance from the 50-day EMA. Zooming into this move, he breaks down a key confluence area near $0.0168 that aligns with both structural and dynamic resistance.

After this brief retracement, he outlines two likely scenarios. Either VELO clears resistance on strong momentum or dips to retest the structure, refueling for the next leg upward. Volume activity reinforces this, as recent sessions show consistent buy-side participation supporting bullish continuation.

Multiple resistance zones remain, including $0.0226, a ceiling from January 2025, and $0.0284, the December reversal level. Price is now forming higher highs and higher lows, reflecting a confirmed short-term trend reversal from early April levels.

Macro Structure Aligns With Broader Market Outlook

This section introduces insights tied to macro levels and VELO’s behavior under potential Bitcoin volatility. Erik, another seasoned analyst, maps out the upper resistance targets and ties them to BTC correlations

Building on that pattern, he evaluated the massive rejection zone between $0.0379 and $0.0413 as a long-term cap. He identifies the $0.0186 to $0.0232 range as a Fibonacci-linked rejection zone from the February 2025 sell-off. According to Erik’s framework, this aligns with a potential 55–60% price increase from recent lows, barring BTC retracement.

Source: Erik

If Bitcoin hits $98.5K, VELO could push toward $0.0225–$0.024 without delay. If BTC retraces to $87.5K, Erik expects VELO to revisit support before continuation. The market now watches VELO’s reaction to $0.0168, which may define the next significant directional push.

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