Cryptocurrency Velo (VELO) is showing signs of a significant recovery following the emergence of hidden bullish divergence.
Hidden Bullish Divergence and Its Significance
Charts show hidden bullish divergence in Velo, where prices form higher lows while the Relative Strength Index (RSI) presents lower lows. This indicates potential for a continuation in the upward trend.
Price and RSI Structure Alignment
Analysis shows that despite RSI values declining during consolidation, Velo's price continues to rise. This confirms the existence of hidden divergence, pointing towards a possible bullish trend.
Future of Velo and Its Growth Potential
Forecasts suggest that Velo could rise to the $0.038 level, nearly tripling its current value. Data indicates higher lows, reflecting bullish sentiment over several months.
The hidden bullish divergence and the alignment of price structure with RSI behavior indicate a potential increase in Velo, making the market one to watch closely.
