VELO, a popular blockchain-based payment protocol, is generating excitement in the crypto market with a strong upward trend. After a period of consolidation, VELO has broken through key resistance levels and displayed multiple bullish indicators that suggest a potentially significant rally. Analysts attribute this breakout to expanding DeFi applications and increased institutional interest. Technical analysis shows confirmed bull patterns like ascending triangles and bullish flags, which have been corroborated by price action and volume surges. These signals indicate that the recent price movement is not just temporary noise but rather the beginning of a sustained upward trend. This bullish momentum is attracting both retail investors and larger players in the market seeking the next big cryptocurrency to invest in.