VELO has touched the 100% Fibonacci extension level at $0.0046 following our earlier assessment. The current price action shows three distinct waves up from recent lows, signaling potential upside continuation. However, here's what traders need to watch: maintaining support above $0.0054 is absolutely critical. Breaking below this level could disrupt the bullish momentum we've been tracking. As long as the price holds that support zone, the upside potential remains intact and we could see further appreciation. Keep an eye on how VELO responds to these key technical levels in the coming sessions.
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TokenDustCollector
· 01-11 02:59
Velo's Fibonacci extension is in place, but the 0.0054 support level really must hold. Once it breaks, it's over.
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ProposalManiac
· 01-11 02:58
Is the 0.0054 line really that sacred? What does history say?
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liquidation_watcher
· 01-11 02:49
Can Velo hold the 0.0054 level this time? It feels a bit uncertain...
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GasFeeBarbecue
· 01-11 02:39
Can Velo hold at 0.0054 this time? It feels a bit uncertain...
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PoolJumper
· 01-11 02:35
Can Velo hold the 0.0054 level this time? It feels a bit uncertain.
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ChainWanderingPoet
· 01-11 02:34
Velo's Fibonacci extension this time is pretty good, but I'm more concerned about whether the support at 0.0054 can hold, otherwise it would all be for nothing.
VELO has touched the 100% Fibonacci extension level at $0.0046 following our earlier assessment. The current price action shows three distinct waves up from recent lows, signaling potential upside continuation. However, here's what traders need to watch: maintaining support above $0.0054 is absolutely critical. Breaking below this level could disrupt the bullish momentum we've been tracking. As long as the price holds that support zone, the upside potential remains intact and we could see further appreciation. Keep an eye on how VELO responds to these key technical levels in the coming sessions.