$VELO's target at the ~$1.80 level here goes unchanged.
Prices are maintaining a breakout and with a Hidden Bull Divergence showing up in prices, a recovery & continuation above $0.038 is looking to be in the works.
This recovery & continuation can lead into the next wave up towards this huge target which currently sits nearly +30,000% away...
Major Warnings: The launch of the global stablecoin by banks' alliance! 💥 The world's top 10 banks, including Bank of America, Goldman Sachs, Deutsche Bank, Citi, UBS, etc., are testing the launch of a stablecoin that will be linked to the G7 countries' currencies. 🌍💱 These currencies include digital dollar (USD), euro (EUR), pound (GBP), yen (JPY), Canadian dollar (CAD), and Swiss franc (CHF), and each will be pegged 1:1 with real reserves. The goal is to create a credible digital currency that can run seamlessly on public blockchains and bridge the gap between traditional banking and crypto. 🏦⚡️ This step clearly shows that major financial institutions are not just watching anymore but are now actively participating in the blockchain game. Where $USDT and $USDC have dominated the crypto world, this new initiative could change the global payment landscape. 🌐💰 Regulators are certainly expressing concerns 🚨 — regarding financial stability and control — but if executed correctly, this could mark the beginning of a new era of digital money. 💡 Trading suggestions (not financial advice): 👉 $USD1 — Token for the new stablecoin initiative 👉 $BNB — Established blockchain ecosystem token 👉 $XRP — Banking's choice for cross-border payments 📊 Current Prices: $XRP: $2.47 🔻 -8.77% $BNB: $1,171.44 🔻 -4.31% $USD1: $0.999 🔸 -0.02% #CryptoMarketAnalysis
As prices continue to hold broken out of the huge resisting trend (in orange), this target continues to be in play and it is possible we witness a more than 30,000% run to reach it.