Velo's Comeback: Can It Reclaim Its ATH Through Utility?

Right now, the situation is too volatile across the entire crypto market, influenced by numerous macroeconomic and regulatory factors that make prediction nearly impossible. Technical analysis has become less reliable under current conditions. The focus is on July, which could reveal clearer signals for altcoins. Velo once reached an all-time high of $2.12 during its early days. The question is whether it can achieve that again, with a cautious target of at least $1.00—though this is not financial advice. A significant sign for Velo would be surpassing $0.0279, indicating it's regaining momentum. More so, holding above $0.0388 could reignite enthusiasm, potentially pushing it toward $0.05. The altcoin's future depends on demonstrating real-world utility. The potential to reach its previous peak remains, contingent upon Velo's ability to prove its value. When that may happen is uncertain, and timing is unpredictable.