- Analyst hints at altcoin VELO pumping over 13,730% this bull cycle.
- This pump could take VELO price to the $1.6534 price target.
- Will this altseason peak allow VELO to set a new ATH?
As more attention is drawn to the altcoin sector, expectations for altseason peak arrival grow stronger than ever. Most analysts are keeping a close eye on BTC Dominance, hoping for it to collapse so the peak altseason phase can begin. Potential altcoins are showing strong bullish signs like VELO, which an analyst hints at VELO pumping over 13,730% this bull cycle.
What Altcoin is Most Bullish?
Presently, the price of Bitcoin (BTC) hovers in the lower $80,000 price range and seasoned analysts are expecting another bigger dip for BTC price. This leads to many traders looking to the Bitcoin Dominance level and wondering if the time has come for BTC Dominance to finally fall this bull cycle.
Once BTC Dominance falls, the price of altcoins is expected to shoot up, starting with the pioneer altcoin Ethereum. Moreover, once ETH sets a new ATH, the first in this bull cycle, it could very well usher the peak altseason phase. Following ETH’s pump, several other altcoins will likely shoot up and set new ATHs as well.
Altcoin VELO Pumping Over 13,730%
As we can see from the post above, one such altcoin showing strong bullish potential is VELO. The analyst highlights that VELO is still up nearly over 300% since breaking out of the resisting trend as shown in the post. This indicates a significant shift into a bull state and points to the possibility of a much higher breakout. Specifically, the analyst expects to see VELO price hit $1.6534 following a pump of over 13,730%.
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