Velo Price Forecast: Hidden Bullish Divergence Signals Rally Toward $0.038 Level

Velo prints hidden bullish divergence as price forms higher lows while RSI dips, signaling strength in continuation structure.RSI's dome-shaped bottom and price rebound from the support point to renewed upside momentum and accumulation behavior.Consistent higher lows and oscillator divergence position Velo for a potential move toward the $0.038 resistance zone.Velo (VELO) is showing signs of a major recovery following the emergence of a hidden bullish divergence. This pattern forms as price action maintains higher lows while the Relative Strength Index (RSI) produces lower lows.That said, the market structure confirms a bullish divergence pattern, often associated with continuation trends rather than reversals. RSI values on the lower chart reveal multiple descending lows between late 2018 and early 2019. Meanwhile, Velo’s price maintained a consistent upward trajectory, forming higher lows across the same period.RSI Divergence and Price Structure AlignmentA recent assessment from Javon Marks identified this divergence across a rounded accumulation base that preceded an upward breakout. The RSI oscillator dipped to fresh lows during consolidation phases, while price action refused to break its rising trendline. This mismatch between momentum and structure confirmed the hidden divergence setup as a bullish continuation signal. https://x.com/JavonTM1/status/1917948219335545078 To build on that, Velo’s reaction off the green trendline also matched key divergence entry points outlined in the chart’s schematic. A recovery from the most recent higher low confirms strength, suggesting bullish momentum is intact despite short-term retracements. Of note, the RSI’s failure to break significantly below its prior low adds conviction to this signal.Historical Support Holds FirmInsights from market researcher Javon Marks show this divergence could push Velo prices toward the $0.038 level, nearly tripling its value. The structural low sits higher than the previous bottom, reinforcing bullish market behavior across a multi-month range. This setup mirrors historical continuation formations found in upward-trending altcoin cycles.Even so, the pattern's reliability stems from consistent support along an ascending trendline, combined with momentum exhaustion in the oscillator. Price has remained firmly above its structural base, validating the underlying accumulation behavior. Green arrows on the chart pinpoint critical zones where this divergence first appeared.Bullish Outlook Backed by Oscillator ActionBased on Javon Marks' report, RSI behavior closely aligns with previous pre-rally phases, often signaling renewed upside pressure. Velo’s oscillator shows a dome-shaped bottom, which historically precedes continuation rallies following pullbacks. This configuration supports potential breakout movement as buyers regain control of the trend.What’s more, the divergence illustrated fits classical bullish continuation theory, confirming internal strength rather than trend exhaustion. Momentum has shifted without invalidating the broader market structure, suggesting Velo could enter a higher accumulation range before testing resistance. Price remains technically supported by the convergence of structure and oscillator dynamics.The post Velo Price Forecast: Hidden Bullish Divergence Signals Rally Toward $0.038 Level appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.