VLXUSDT One last barrier to break before making +1000% returns!

Velas (VLXUSDT) is currently ahead of a critical moment for its long-term trend. Supported by the 1D MA200 (orange trend-line), having just ten days ago broken above both the 1D MA200 and the 1D MA50 (blue trend-line), it eyes the last barrier of the Lower Highs trend-line. News-wise, as Velas introduces its new Fund & Accelerator program, this may be the right fundamentals to push the price past the Lower Highs trend-line. But let's break down both the Technical and Fundamental outlook into more detail.


** Technical Analysis **

As mentioned, the barrier to break is the Lower Highs trend-line that started after Velas' All Time High on November 19 2021. Since then, the price has been correcting, which is not something we see for the first time. In fact, VLXUSDT had already had two such correction phases, April - August 2021 and June - December 2020, both marked by a Lower Highs trend-line. It was when those Lower Highs broke that the price started a Parabolic Rally, which in both cases measured more than +1000% from the bottom.

A proportionate +1100% move (as in early 2021, which was the 'weakest' of the two rallies) from the recent March 18 2022 bottom, would take the price around $1.50. Those would be quite extraordinary returns from the $0.27 it's sitting at currently.

Notice that the Ichimoku Cloud has already turned green, which in the past two bullish break-outs was an indicator ahead of the price action, pointing to a break above the Lower Highs. Notice also that we are still far from a 1D Golden Cross (when the 1D MA50 crosses above the 1D MA200) but with the 1D MA50 already shifting upwards for the first time in 2 months, meaning that there is still time for the rise to develop, as in the past two rallies, the Golden Cross was formed during the consolidation phase, half-way through the Parabolic Rally.

Last but not least, the 1D RSI also gives a meaningful indication of where we currently are in terms of the previous rallies. As you see, the sequence is very symmetrical with the past two rallies, having already made Higher Highs, which against the price's Lower Highs, indicates a hidden Bullish Divergence. This analogy indicates that based on the past two sequences, we are less than a month away from breaking above the Lower Highs.


** Fundamental Analysis **

So like I mentioned in the prologue, the big development of the week, from a fundamentals perspective, is the introduction of a new fund and accelerator program. The Swiss headquartered company will use its expertise in the crypto and blockchain industry to support talented developers and entrepreneurs.

Early in 2022 Velas became a premium partner of the Ferrari Scuderia team. The Velas team continues its path to maximize its presence in the blockchain and cryptocurrency industries by launching a new initiative.

The fund will be represented by Velas' new subsidiary company, and it will be managed by a team of professional developers, marketing experts, designers, crypto experts, and more. This team will work together to analyze and estimate the value of crypto projects, startups, and original ideas.

Anyone interested in participating will be able to submit an application, which will be reviewed by the fund's panel of judges. Once the projects with the highest potential are approved, participants will get a chance to join the Velas acceleration program. The Velas acceleration program will offer the following services.

Development support: If you have an exciting idea but are missing a development team, Velas will assist you in building your project.

Mentorship: You will be able to ask our mentors for professional assistance. These experts will help you lead your project and overcome development, networking, and marketing challenges.

Acceleration: The fund can help you with any issues related to fundraising, organization of private sales, the project's initial coin offering launch, etc.

Marketing support: Velas will ensure the promotion of your project gets maximum exposure. The Velas team will help with creating top-quality content, marketing, and design. The fund also offers a chance to establish partnerships with the most popular crypto influencers and traders (KOL marketing services).

This initiative will also help to popularize the VLXUSDT token by being utilized by the accelerator program's projects as a payment method. The Velas blockchain can also be integrated into the projects and startups to provide stability, and the fastest transaction speed with the most reasonable transaction costs on the market.

This latest program aligns with Velas reputation as a proponent of new talent in the blockchain and crypto communities. “Velas has always been supporting talented and innovative crypto enthusiasts ready to start working on forward-looking projects,” said Velas CEO, Farkhad Shagulyamov. Speaking on how he believes the program will benefit new developers and the crypto industry as a whole, Shagulyamov added, “I believe that our fund will open new possibilities for them as well as significantly contribute to the development of the whole Velas ecosystem and crypto industry.”

The accelerator program will last up to three months. The minimum investment you may be given will be $25000. To receive investment will depend on criteria such as project stage, team expertise, and the development of the project. The program will provide all participants with professional remote assistance.

The Velas team has already started collecting the first applications through their existing grants program form.

The fund does not yet have specific requirements or policies. All participants with a great idea or a ready-to-launch crypto project can apply for support from Velas.

Many talented developers are already sharing their exciting ideas with the Velas fund. The organization will start operating this year, so it's just the right time to start thinking about your crypto project!


** Conclusion **

As you realize from the above Technical and Fundamental Analysis, Velas isn't just ahead of a major bullish technical break-out but at the same time sustained by strong fundamentals that help grow its customer/ holders base. There is no better time to invest on Velas than now, that the rally is still on its early stage and if you are a long-term investor, the $1.50 target mentioned, may be a modest one. Don't miss this chance!!



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