Velo Price Surges 10% Despite Binance TH Campaign Delay – Bulls Eye 30% Gains

Highlights:

• The Velo price surges 10%, with trading volume pumping to 12%, indicating heightened market activity. 
• Velo collaborates with Binance TH for a Thai market campaign, aiming for long-term DeFi growth despite delays.
• Velo’s price breaks key resistance levels, with bulls eyeing 30% gains to $0.022.

As of 16 July, the Velo price has increased by 10% to $0.017, accompanied by a 12% rise in trading volume over the past 24 hours. Velo Protocol, a decentralized finance (DeFi) solution, has introduced a new and attractive campaign in association with Binance TH to the Thai crypto community. Although the campaign was set to launch this week, it has been delayed to ensure everything is well-coordinated. However, the market remains hopeful about possible long-term consequences, as the announcement has generated considerable buzz in the community. Such a campaign will offer more trading rewards and provide additional expansion to the Velo ecosystem in Southeast Asia.

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Hello, Velorians!

We have an important update regarding the exciting campaign with @veloprotocol and @Binance_TH_ for the Thai Crypto Community. Due to unforeseen changes, we’ve decided to postpone the launch to next week to ensure everything is perfect for you!

🔔 Stay tuned… https://t.co/UhNKphElEP

— Velo Official (@veloprotocol) July 16, 2025

The development of the Thai market by Velo is an extension of a broader strategy to position itself as one of the fastest-growing crypto markets in Asia. The cooperation between Velo and Binance TH has a high chance of becoming the breakthrough that will help the protocol achieve new heights in the global DeFi market.

Is It Time to Buy VELO?

Although the marketing campaign is generating anticipation, Velo has achieved a good performance in the market. The price of VELO has increased by 10% in the past 24 hours, to $0.01735. This recent rise in price has been attributed to a significant increase in the volume, which rose by a whopping 843% to $21.43 million. Additionally, Velo derivatives open interest has increased by 16.91% to $9.94 million. This suggests that an increasing number of investors, both retail and institutional, are showing interest in the asset.

Bullish sentiment in the market is also emphasized by the long-to-short ratio that is registered at 0.9877. This almost balanced ratio indicates that neither side of the market has a dominant position. However, there is a slight bias towards long positions, suggesting an optimistic mood among investors. 

Technically, price is showing a splendid bullish muscle, as it trades well within the confines of a rising parallel channel. The bullish sentiments are evident as the bulls have flipped the 50-day MA (0.0132) and the 200-day MA (0.01646) into support zones, reinforcing a positive trajectory. The upside movement is plausible, as the bulls are showing no signs of slowing down. 

Nonetheless, the Relative Strength Index (RSI) stands at 71.14, indicating intense buying pressure. However, with VELO roaming in overbought territory, traders should be cautious, as a short-term pullback may be imminent. In other words, the RSI indicates that the asset may be subject to a correction in short order, should profit-taking ensue. Meanwhile, traders are at liberty to buy more VELO tokens bolstered by the buy signal from the MACD. 

Velo Price Eyes 30% Extra Gains

Looking ahead, if this momentum holds, the Velo price could test the $0.020-$0.022 representing another 30% gain. Conversely, a pullback to the $0.016 support level could occur if profit-taking takes hold.

The rising parallel channel suggests long-term bullishness, so dips may be an opportunity for traders to buy in. Over the next couple of weeks, analysis of the Velo price suggests that the token could rally by a solid 30% to land at around $0.022, assuming the Binance TH campaign commences.

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