Get started
Velodrome FinanceVelodrome FinanceVelodrome Finance
#324#324#324

Velodrome Finance

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Markets

VELOUSD trade ideas

Velodrome Finance: Key Levels and the Calm Before the Break!!Imagine standing at the edge of a quiet lake in the early morning. The water is still, but you can feel something brewing—a ripple, a shift. That’s where Velodrome Finance (VELO/USD) is right now, hovering around key levels, poised for its next move. If the price dips to the 50% retracement at $0.23-$0.21, it could find the momentum to push higher. A deeper move to the 61.8% retracement at $0.1770 might still hold promise for a rebound, but if it falls below this level, it’s best to step back and wait for a clearer setup. On the upside, the target is clear: $0.50. It’s a move that could bring big opportunities, but only if VELO holds strong at these key levels. This is the kind of moment that defines trading. It’s not about rushing or forcing a move—it’s about watching, waiting, and being ready when the time is right. Wellness Tip: When the market feels uncertain, take a moment to reset. Step away from the screen, stretch, or just close your eyes for a minute. Trading isn’t just about the moves you make—it’s about staying calm and clear-headed no matter what comes next. 🌿✨ Kris/ Mindbloome Exchange Trade What You See
COINBASE:VELOUSD
by Mindbloome-Trading
2
VELODROME Binance / Coinbase probable ScenarioAn expected drop from ATH for VELODROME after Binance listing was highly expected. While some claim it may drop further, the TA shows too many bullish pointers that should push the price at least till 0.28, with a possible retest in the 0.25-0.26 area. I will personally make a risk and go long. If the price drops below the 0.225 area without a significant bounce back, we should expect a further drop till around the 0.2 area. Velodrome is the most used DEX on Optimism and share the same team with the Aerodrome project, the most used DEX on BASE. Since AERO had a very nice uptrend since it's listing on Binance (Futures) with a steady 2$ area and a 1.4B Market Cap, along with the positive updates on Optimism, it is in my opinion safe to assume that Velodrome can reach at least half of Aerodrome's Market Cap, which would mean an easy 3x from today's price of 0.24$. Not financial advice, INVEST ONLY WHAT YOU ARE READY TO LOSE. For more TA, boost this posting and reach out.
COINBASE:VELOUSDLong
by MnomMnomTA
Velodrome Bullish ScenarioVelodrome has experienced a sharp decline since listing on Binance, but now experiencing an accumulation towards a highly bullish direction. Intersection of trend lines with the red line may indicate a short term Short position, while intersection with the green lines from a bullish trend indicate further upward movement. It may stall around the 0.255 area with a potential sell-off back to 0.23 before further rally. Not financial advice. Follow for more TA. DM for special requests.
COINBASE:VELOUSDLong
by MnomMnomTA
VELOUSD 12/3/2024VELOUSD Daily Chart Analysis VELOUSD has exhibited distinct market cycle phases, presenting a strong bullish setup . Key Observations 1. Market Cycle Phases: o From April to July 2024, price underwent a steep downtrend, indicative of a distribution or markdown phase. o Between July and November, price transitioned into an accumulation phase, consolidating within a defined range. 2. Breakout Confirmation: o At the end of November/start of December, price broke out of the accumulation range. o A spike in volume supports the validity of the breakout, and the price has sustained its position above the resistance level for 7 consecutive days, signaling strong buying pressure. Trade Details • Position: Long • Entry: 0.13341 • Stop Loss: 0.11322 (15.13% risk) • Target: 0.22295 (67.12% potential return) • Risk-to-Reward Ratio: 4.43 Summary The breakout from the accumulation range, supported by volume and momentum, suggests a continuation of bullish activity. The setup offers a favorable risk-to-reward ratio for long trades. Careful monitoring of the stop-loss level is recommended to protect against potential retracements.
COINBASE:VELOUSDLong
by rudcharts
3
Is $0.13 Next for VELOToday, VELO flipped it’s former resistance zone to support. Here's a quick analysis of the recent price movement in the VELO token: The VELO token has recently experienced a significant shift in its price trend, with the resistance level flipping to support. This indicates a bullish reversal, as the token has managed to break through a previously strong resistance level, suggesting increased buying pressure and positive market sentiment. The price movement suggests that the token is gaining momentum, and if this trend continues, it could potentially lead to further upward movement to around $0.13. However, it's important to keep an eye on market conditions and any news related to the VELO project, as these factors can influence price volatility.
COINBASE:VELOUSDLong
by Neua0001
Is $0.13 Next for VELOToday, VELO flipped it’s former resistance zone to support. Here's a quick analysis of the recent price movement in the VELO token: The VELO token has recently experienced a significant shift in its price trend, with the resistance level flipping to support. This indicates a bullish reversal, as the token has managed to break through a previously strong resistance level, suggesting increased buying pressure and positive market sentiment. The price movement suggests that the token is gaining momentum, and if this trend continues, it could potentially lead to further upward movement to around $0.13. However, it's important to keep an eye on market conditions and any news related to the VELO project, as these factors can influence price volatility.
COINBASE:VELOUSDLong
by Neua0001
VELO Hits Major Buy ZoneVELOUSD just re-entered a major buy zone in its volume profile after handily bouncing off significant support. This level has shown impressive trading activity from buyers in the past and may again generate strong interest in the token. This can be a bullish signal, suggesting that the price could continue to rise as buyers step in to take advantage of the perceived value at this level. Given that the current price of VELOUSD is $0.098, if the buy zone holds, the price could potentially move higher. Traders might look for the next resistance level at around $0.12 for some profit taking, depending on market conditions and overall sentiment. However, it's important to keep an eye on other technical indicators and market news, as these can influence price movements. Always consider setting stop-loss orders to manage risk effectively.
COINBASE:VELOUSDLong
by Neua0001
VELO - Ready for Next Leg?### Velodrome Finance (VELOUSD) Price Analysis **Current Situation**: Velodrome Finance (VELOUSD) is currently trading around $0.089. This price level is within a significant support zone, which has historically provided a strong foundation for potential upward movements. **Technical Indicators**: 1. **Support and Resistance**: The current support level is around $0.078, with resistance at approximately $0.105. Holding above the $0.078 support level is crucial for maintaining bullish momentum. 2. **Volume**: There has been a noticeable increase in trading volume, indicating strong market interest and potential for further price movement. 3. **Moving Averages**: The short-term moving averages are trending upwards, suggesting a bullish momentum³. **Price Direction Forecast**: Given the current price action and technical indicators, VELOUSD is likely to continue its upward trend. If it breaks above the $0.105 resistance level, it could target the next resistance around $0.12.
COINBASE:VELOUSDLong
by Neua0001
Watch Key Support Zone for VELOKey Support Zone Analysis for VELO 1. Historical Price Levels: Support zones are often identified by looking at historical price levels where the asset has previously found buying interest. VELO has previously bounced back from the $0.087 to $0.078 range, this could be a significant support zone. 2. Volume Analysis: High trading volume at these levels in the past can indicate strong support. There was significant trading activity around $0.087 to $0.078, it suggests that many traders see this as a buying opportunity. 3. Technical Indicators: Indicators like the Relative Strength Index (RSI) or Moving Averages can help confirm the strength of the support zone. For instance, if the RSI is approaching oversold levels as VELO nears this support zone, it could indicate a potential bounce. ### Conclusion As VELO approaches the $0.087 to $0.078 support zone, watch for increased volume, positive technical indicators, and favorable market sentiment to confirm the support. If these factors align, it could be a good buying opportunity.
COINBASE:VELOUSDLong
by Neua0001
Velodrome Finance (VELO) is a sleeping giant. Hidden 100x gem?After diving deep into Velodrome Finance's documentation and dApp, it's become crystal clear that VELO is destined to become a top 20-30 market cap token. The fundamentals and long-term prospects are so strong that, honestly, if it doesn't reach that point, I would be shocked. Here's why: 1. Massive Liquidity and Total Value Locked (TVL) VELO has an impressive amount of liquidity and demand, and it's only growing: Velodrome's TVL recently hit $97 million, a significant milestone. It's the top DEX on both Optimism and MODE chains, showcasing its dominance. VELO is currently ranked #24 in spot volume across the entire DeFi ecosystem—out of thousands of dApps. This level of liquidity is crucial for several reasons: It provides stability and reduces slippage for traders. It attracts more users and projects to the ecosystem. It demonstrates strong confidence from investors and users. 2. Innovative Tokenomics and Yield Generation Velodrome's tokenomics model is designed to encourage long-term holding and participation: Users can lock VELO tokens for up to four years, receiving boosted rewards. This lock-up mechanism could potentially create supply squeezes, driving up the token's value. The protocol offers incredible yield options, making it more likely that users will continue to lock up their tokens. 3. Strategic Position on Multiple Chains Velodrome's role as the largest DEX on Optimism and MODE provides several advantages: It's expanding to even more chains, including FRAX, LSK, METAL, and BOB. As a key player in the Superchain ecosystem, VELO is well-positioned to benefit from cross-chain growth. Low fees and high liquidity make it attractive for DeFi users, potentially driving more activity to Velodrome. 4. The Coinbase Factor and Marketing Potential The connection to Coinbase is a game-changer: VELO is already listed on Coinbase, providing exposure to a large user base. This early Coinbase listing is a huge factor in its potential growth. 5. Comparative Market Analysis When comparing Velodrome to other successful DEXes, the growth potential is enormous: With a current market cap of only $85 million and a fully diluted valuation of $192 million, VELO is significantly undervalued compared to its peers. As the "little brother" of Aerodrome, VELO has similar fundamentals but at a much lower valuation. 6. Potential for Major Exchange Listings VELO has yet to be listed on some of the largest cryptocurrency exchanges: VELO is not currently available on major platforms like Binance and Bybit. Listing on these exchanges could potentially provide a significant boost to VELO's liquidity and accessibility. 7. VELO Price and Long-Term Potential The potential for significant price appreciation is a key factor in VELO's appeal: I can confidently say that VELO's current price might look like a dream in the next 1-2 years. Right now, it's sitting at $0.10, but I recommended it to my followers when it was under $0.05. The upside potential here is enormous. I wouldn't be surprised if VELO does a 25x from its current price. Price prediction is anywhere from $2.5 to $10+ With all the data and liquidity I'm seeing, a 100x or higher doesn't seem far-fetched at all. Conservative estimates place potential future prices in the 25x range, with some optimistic projections even higher. 8. Sleeping Giant in the DeFi Space VELO is currently a sleeping giant in the DeFi space: It's vastly underrated and undervalued compared to its fundamentals. The token has never seen a bull market, meaning its true potential is yet to be realized. Getting in now could be considered very early, given its growth trajectory. Conclusion VELO is a sleeping giant and it will take many people by surprise. It is in my top 10 list of newer coins that have never seen an alt season. If you think you are too late to AERO, you might be too early to VELO. While these projections are exciting, it's important to remember that the cryptocurrency market is highly volatile and unpredictable. Always conduct your own research and invest responsibly. COINBASE:VELOUSD OKX:VELODROMEUSDT CRYPTO:VELODUSD MEXC:VELODROMEUSDT CRYPTOCOM:VELODROMEUSD GATEIO:VELODROMEUSDT BITMART:VELOUSDT COINEX:VELOUSDT
COINBASE:VELOUSDLong
by Coindatahouse
$VELO - A Bullish Chart Velodrome is perfectly positioned for the next bull run. Healthy upmoves with strong volumes are providing a glimpse of what VELO's movement in the next 12 months might look like. The team is solid, extremely aggressive, and rapidly expanding across all Superchain member chains. The chart highlights some major resistance levels. I wouldn’t be surprised if VELO reached a $5-10 billion market cap by the end of this bull cycle. If this becomes reality, the token could multiply by 30-50x, placing the unit price around $3-5 per token.
COINBASE:VELOUSDLong
by mbuffara
Can VELO break ResistanceTo break through the resistance zone at $0.1233, VELO needs to demonstrate strong buying momentum. Here are a few key factors to watch: 1. **Volume Surge**: A significant increase in trading volume can indicate strong buying interest, which is crucial for breaking through resistance levels. 2. **Positive News or Catalysts**: Any positive news, such as favorable macro reports or strategic partnerships, can boost investor confidence and drive the price higher. 3. **Technical Indicators**: Look for bullish signals from technical indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD). These can confirm the strength of the upward move. Once VELO breaks through $0.1233, the next steps could include: 1. **Retest of Support**: The previous resistance level may become a new support level. Watch for a retest of this level to confirm the breakout. 2. **Targeting Higher Resistance Levels**: VELO may aim for the next resistance levels marked out in orange and yellow. 3. **Sustained Uptrend**: If the breakout is supported by strong fundamentals and market sentiment, VELO could enter a sustained uptrend, attracting more investors.
COINBASE:VELOUSDLong
by Neua0001
VELO at Major Turning Point?### Importance of the 145-Day Cycle: 1. **Intermediate Cycle**: The 145-day cycle is often viewed as an intermediate-term cycle. It can help traders identify potential turning points within a larger trend¹. 2. **Market Timing**: Gann believed that markets move in predictable patterns and cycles. The 145-day cycle can be used to time entries and exits more effectively by anticipating when these turning points might occur¹. 3. **Repetition and Symmetry**: Gann's theory emphasizes the repetition and symmetry of market movements. The 145-day cycle fits into this framework, providing another layer of analysis for traders looking to understand market behavior¹. ### Application in Trading: - **Chart Analysis**: Traders often mark the 145-day intervals on their charts to look for patterns or significant price movements that align with these dates. - **Confirmation with Other Indicators**: The 145-day cycle is usually used in conjunction with other Gann tools, such as Gann angles and the Gann Fan, to confirm potential support and resistance levels². - **Historical Data**: Analyzing historical data to see how the 145-day cycle has influenced past price movements can provide insights into future market behavior². ### Example: If a stock has shown significant price movements or reversals around the 145-day mark in the past, traders might anticipate similar behavior in the future. This can help in planning trades and managing risk. ### Conclusion: While the 145-day cycle is not as universally recognized as some of Gann's other cycles, it can still be a valuable tool for traders who incorporate Gann analysis into their strategies. Its importance lies in its ability to provide additional insights into market timing and potential turning points.
COINBASE:VELOUSDLong
by Neua0001
1
VELO Retrace to the 618VELO has retraced to the 61.8% level after a significant downtrend, the bounce comes with increasing volume, and might be a good time to consider entering a long position. If the price breaks below this level with high volume, it might be wise to reconsider and possibly look for short opportunities. When a chart retraces to the **61.8% Fibonacci retracement level** after a significant downtrend, it often indicates a potential reversal or continuation point. Here’s what you can typically expect and how to interpret this scenario: ### Potential Scenarios: 1. **Reversal and Uptrend**: - **Bounce Back**: The 61.8% level is a key Fibonacci retracement level and often acts as a strong support. If the price finds support here, it may bounce back, indicating a potential reversal and the start of a new uptrend. - **Bullish Signal**: A strong bounce from this level, especially with increased volume, can be a bullish signal. Traders might look for confirmation through other indicators like RSI or MACD to enter long positions. 2. **Consolidation**: - **Sideways Movement**: The price might consolidate around the 61.8% level, moving sideways as the market decides its next direction. This period of consolidation can be a sign of accumulation before a potential breakout. 3. **Continuation of Downtrend**: - **Failure to Hold**: If the price fails to hold above the 61.8% level and breaks down with strong volume, it could indicate a continuation of the downtrend. This would be a bearish signal, suggesting further declines. - **Bearish Signal**: Traders might consider short positions or exiting long positions if the price breaks below this level, especially if confirmed by other bearish indicators. ### Key Considerations: - **Volume Confirmation**: Look for volume spikes to confirm the strength of the move. A bounce with high volume is more reliable than one with low volume. - **Other Indicators**: Use additional technical indicators like RSI, MACD, or moving averages to confirm the signal from the Fibonacci retracement. - **Market Context**: Consider the broader market context and any fundamental factors that might influence the price action.
COINBASE:VELOUSDLong
by Neua0001