Velo Token Explodes 260% Potential: Is a Breakout Near?

A key support zone for the Velo token ($VELO) may be setting the stage for a significant upward movement. The cryptocurrency has shown signs of bouncing off this crucial level, with a potential price target of $0.048 suggesting a remarkable 260% upside. Analysts believe that if this breakout holds, the token could soar much higher. Technical indicators suggest Velo is poised to experience a major surge in momentum. Traders are closely observing the current support level, which has held strong despite market volatility. This zone serves as a crucial buffer for buying pressure against selling pressure, setting up an environment for price growth.