Technical analysis by EtherNasyonaL about Symbol VELO on 10/24/2025

The VELO chart has completed a retest after a classic Bearish Rising Wedge breakout. It's currently heading directly towards the demand zone. A strong reaction from here could lead to a return to the wedge; otherwise, a major decline could open the door.VELO demand zone reaction | critical moment 🔃 Velo perfectly reacted from the demand zone after the Rising Wedge breakdown retest. As long as this reaction holds, a revisit to the wedge area remains likely. However, losing momentum here could still trigger the larger decline scenario once again.