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Velas (VLX) Technical Analysis & Market Outlook – March 2025
🚀 Velas (VLX) Technical Analysis & Market Outlook – March 2025 🚀
📊 Current Market Structure & Technical Indicators
🔹 Trend Overview: Velas has been in a prolonged descending trading channel, reaching its lowest price of 2025, making this a potential accumulation zone.
🔹 Key Support & Resistance Levels:
Support: 🟠 $0.00399 (historical low) and $0.00526 (current price level).
Resistance: 🔵 $0.00749 (major breakout target) and $0.00900 (mid-term bullish target).
🔹 Indicators Analysis:
WMC Cipher B Divergences: Strong bullish divergence detected, suggesting upward momentum.
RSI (14): Currently at 56.50, breaking above the neutral zone, indicating a reversal trend.
Money Flow Index (MFI): Positive inflow, signaling increasing interest and potential accumulation.
Stochastic (14,3,1): Overbought but still showing strength in the recovery phase.
📌 Conclusion: VLX has reached its lowest point and is forming a potential breakout from the descending channel. A break above $0.00749 will confirm a bullish trend.
🔥 Velas Ecosystem Updates & Growth Potential 🔥
💡 Major Developments in the Velas Ecosystem
✅ 1M VLX Tokens for Staking Rewards!
Just last week, in collaboration with @AccumulatedFi, 1 million VLX tokens were allocated and distributed among stVLX stakers, further boosting incentives for long-term holders.
✅ Subchains & Advanced Smart Contract Features
Two weeks ago, Velas introduced a powerful devnet update, significantly improving scalability and efficiency:
Hosting Subchains: New architecture supports subchains with an updated configuration (semi-compatible with geth init).
Improved Subchain Management: More efficient program instructions, leading to faster and smoother blockchain operations.
Mint/Burn Token Mechanism: Subchains now support a dynamic mint/burn token system, enabling more advanced DeFi applications and scalability solutions.
✅ New Devnet Release! 🚀
The Velas team isn't slowing down! They will release another devnet update, introducing:
Internal Transaction Explorer: Users will be able to track internal blockchain transactions, enhancing transparency.
Refined Documentation: Continuous improvements to the Velas Docs ensure seamless onboarding for developers.
🌟 The Road to Velas' Glory – ALEX ALEXANDROW & THE TEAM ARE DELIVERING! 🌟
The Velas team, led by Alex Alexandrow, is on a mission to bring Velas back to its well-deserved glory. With continuous groundbreaking updates, strategic partnerships, and enhanced scalability, Velas is proving itself as a top-tier blockchain project with unmatched potential.
🔥 With major innovations, growing adoption, and a rebounding market, Velas is positioned for a massive breakout! 🔥
#Velas #VLX #Crypto #Blockchain #DeFi #Web3 #Staking #Innovation #Trading #HODL 🚀
📊 Current Market Structure & Technical Indicators
🔹 Trend Overview: Velas has been in a prolonged descending trading channel, reaching its lowest price of 2025, making this a potential accumulation zone.
🔹 Key Support & Resistance Levels:
Support: 🟠 $0.00399 (historical low) and $0.00526 (current price level).
Resistance: 🔵 $0.00749 (major breakout target) and $0.00900 (mid-term bullish target).
🔹 Indicators Analysis:
WMC Cipher B Divergences: Strong bullish divergence detected, suggesting upward momentum.
RSI (14): Currently at 56.50, breaking above the neutral zone, indicating a reversal trend.
Money Flow Index (MFI): Positive inflow, signaling increasing interest and potential accumulation.
Stochastic (14,3,1): Overbought but still showing strength in the recovery phase.
📌 Conclusion: VLX has reached its lowest point and is forming a potential breakout from the descending channel. A break above $0.00749 will confirm a bullish trend.
🔥 Velas Ecosystem Updates & Growth Potential 🔥
💡 Major Developments in the Velas Ecosystem
✅ 1M VLX Tokens for Staking Rewards!
Just last week, in collaboration with @AccumulatedFi, 1 million VLX tokens were allocated and distributed among stVLX stakers, further boosting incentives for long-term holders.
✅ Subchains & Advanced Smart Contract Features
Two weeks ago, Velas introduced a powerful devnet update, significantly improving scalability and efficiency:
Hosting Subchains: New architecture supports subchains with an updated configuration (semi-compatible with geth init).
Improved Subchain Management: More efficient program instructions, leading to faster and smoother blockchain operations.
Mint/Burn Token Mechanism: Subchains now support a dynamic mint/burn token system, enabling more advanced DeFi applications and scalability solutions.
✅ New Devnet Release! 🚀
The Velas team isn't slowing down! They will release another devnet update, introducing:
Internal Transaction Explorer: Users will be able to track internal blockchain transactions, enhancing transparency.
Refined Documentation: Continuous improvements to the Velas Docs ensure seamless onboarding for developers.
🌟 The Road to Velas' Glory – ALEX ALEXANDROW & THE TEAM ARE DELIVERING! 🌟
The Velas team, led by Alex Alexandrow, is on a mission to bring Velas back to its well-deserved glory. With continuous groundbreaking updates, strategic partnerships, and enhanced scalability, Velas is proving itself as a top-tier blockchain project with unmatched potential.
🔥 With major innovations, growing adoption, and a rebounding market, Velas is positioned for a massive breakout! 🔥
#Velas #VLX #Crypto #Blockchain #DeFi #Web3 #Staking #Innovation #Trading #HODL 🚀
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.