VELO’s Price Shows Potential for Reversal: Bullish Divergence Signals Recovery

VELO price is exhibiting signs of a potential recovery with bullish divergence emerging on the MACD. While the price continues to form lower lows, the MACD has shown higher lows, suggesting reduced bearish pressure. This divergence is supported by the weakening bearish momentum indicated by the shrinking MACD histogram. The potential for VELO price to reach the $0.036 level, a 221% gain from current prices, remains strong.