This altcoin shows rare Adam & Eve pattern

Now that the Bitcoin halving is behind us, it is very interesting to look at which altcoins offer opportunities for big profits. It is therefore very interesting when an altcoin shows a very rare pattern, such as the Adam & Eve pattern. We are going to discuss this altcoin today. Read more below!

VELO looks strong

VELO is positioning itself as a rising star in the digital currency world with a current market capitalization of just $100 million. VELO’s ability to remain strong during Bitcoin dips, combined with its impressive array of partnerships, makes it a promising candidate for future growth.

As mentioned, an Adam & Eve pattern has just formed on the chart of VELO. This is a classic sign of bullish momentum. This pattern, consisting of a sharp, V-shaped bottom followed by a more rounded, U-shaped bottom, suggests a strong base and potential for significant price appreciation. This technical signal is an indication that VELO may be ready to reach higher price levels.

Fundamental matters are also in order

VELO stands out for its strong network of strategic partnerships that are essential for its expansion and adoption in the world of financial technology:

• Major backers: Partners such as CP Group, Stellar Foundation and UOB Venture Management provide both financial and technological support.

• Internationale remittance: Collaborations with TEMPO Payments and Bitazza to open a $17 billion remittance corridor between Europe and Thailand demonstrate the practical applicability of VELO in cross-border payments.

• Ecosystem partnerships: Connections with Visa and Kyber Network broaden VELO’s reach and functionality within the payments ecosystem.

• Oracle partnerships: Collaborations with Chainlink and Band Protocol strengthen the reliability and security of the data used by VELO.

Important technical breakthroughs

In addition to the Adam and Eve pattern, VELO also breaks an important horizontal resistance, indicating a possible acceleration of the upward movement. This is a crucial moment for VELO as breaking this resistance could lead to further bullish action.

Price targets and future expectations

The initial price target for VELO is set at 20 cents, which represents a significant upside from current levels. Given the strong technical signals and the support of robust partnerships, VELO has the potential to meet and possibly exceed this target if market conditions remain favorable.

Conclusion

VELO presents an attractive investment opportunity due to its unique market position, reinforced by powerful technical patterns and an impressive network of strategic partnerships. If VELO can maintain this momentum, it could be well positioned for significant growth in the near future. Investors and traders should watch this project closely as it gears up for potential further gains.

Disclaimer: The analyzes above are based on technical patterns and trends in the crypto market. It is critical to emphasize that this information is not intended as financial advice. Cryptocurrency investments inherently involve risk and are subject to volatility. Before making investment decisions, it is recommended to do your own research, seek financial advice and only invest what you can afford to lose.