This negative price action for BTC has had a major impact on VELO sending the price down even further to 40% from its ATH. The RSI on the daily points toward more negative PA. If we break the 21ema on the daily the next price zone would appear to be between 14-18 cents. With Velos MC being so low and low circulating supply it would be easy for this to turn into a higher low with more postive price action happening later this month.
Comment:
VELOs previous ATH was 21 cents, hopefully we find major support there.