Is VELO About to Do the Falling Knife Dance? Brace for the Token Tsunami! 🚀💥

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Hold onto your crypto hats, folks! VELO has been doing its best impression of a rollercoaster-minus the fun-dropping over 13% in just a week. Yep, that’s right, your favorite veering-velo is basically moonwalking backwards. 🚶‍♂️💨 With a 3 billion token “surprise party” (or not so surprise, depending on your read) set for late September, everyone’s wondering: will this be the crash heard around the crypto world? Or just another Tuesday? 🤔

  • VELO’s been slipping more than your grandma’s Wi-Fi-down a solid 13% just last week.
  • Hold onto your hodlings! 3 billion VELO tokens are about to be unleashed like a giant crypto beast on September 20. 🐉

According to the cryptic prophets at crypto.news, VELO was trading at a cool $0.013 as of September 3. At that rate, it’s nosedived 13.4% in a week and is now 64% below its year-high. Yep, your favorite token is basically the Miami Heat of crypto-full of heart, but currently on a downward spiral. 🔥⬇️

And what’s causing all this fuss? Well, 3 billion VELO tokens-roughly $39.67 million-are about to make their grand entrance into circulation at midnight UTC on September 20. Think of it as a giant, unwanted birthday gift that everyone tries to return. Of those, 900 million tokens (worth about $11.9 million) are going to the founders, because apparently, they need new shoes. The rest, a hefty 2.1 billion tokens, will go into the development reserve, probably to buy more coffee for the devs. ☕️

Usually, when a giant token unlock happens, it’s like opening a floodgate of selling pressure. Investors are basically sweating bullets, wondering if the market will turn into a free-for-all. If nobody’s interested in buying, the price could nose-dive even before the tokens are officially unlocked. Fun times. 🎢

But wait, there’s hope! VELO might dodge this doom if it can drum up enough excitement. Rumor has it they’re planning to launch stablecoins pegged to Southeast Asian currencies like Thai Baht, Vietnamese Dong, Philippine Peso, and Indonesian Rupiah. Because, of course, nothing says “invest in me” like stablecoins in a sea of chaos. 🏝️

If this plan actually takes off-think “market-moving”-it could attract fresh eyeballs and wallets, soaking up some of that upcoming token flood. So hold tight, or don’t-either way, this rollercoaster isn’t over yet. 🎢

VELO Price Breakdown-Will It Survive or Just Keep Falling? 🕵️‍♀️

On the daily chart, VELO has been stuck in a downward spiral, doing its best impression of an elevator that’s stuck between floors. For nearly two weeks, it’s been trading within a declining parallel channel-basically, a fancy way of saying, “It’s going down, folks.”

All the major moving averages? Yeah, those are a no-go for bulls right now. The sellers have basically taken over, like that one boss who always needs everything their way. The momentum indicators, MACD and RSI, are also pointing down-so no party here. The RSI is far from “oversold,” which means there’s still room to fall. 🪂

If VELO keeps playing in this descending channel, the most likely target? Somewhere around $0.0119-yeah, that’s been a pretty reliable support level. But if it breaks, look out below-$0.010 is just waiting to be tested, and that’s no joke.

Of course, a dramatic breakout above the channel’s top could throw all this analysis out the window faster than you can say “HODL,” but let’s be real-that’s probably wishful thinking for now. 🚀

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2025-09-03 11:18