VELAAI RWA 2H chart analysis based on todays chartVELA AI/TetherGATEIO:VELAAIUSDTCryptoChartDailyHere's the VELAAI/USDT (2H, GateIO, Heikin Ashi) chart analysis based on todays chart: 📊 Overview Current Price: $0.02809 Change: Slight -0.12%, showing sideways movement after a major downtrend and breakout. Timeframe: 2-hour (short-term sentiment) 🔍 Technical Insights ✅ Market Structure Strong Downtrend: From ~$0.12 to a local bottom around $0.016 — confirmed by multiple Break of Structure (BOS) levels. Trendline Breakout: Descending trendline (from late May) was broken with volume surge — early bullish reversal signal. Accumulation Range: Price is currently range-bound between $0.025–$0.031, showing signs of equal highs (EQH) and equal lows (EQL) — a classic accumulation zone. 📉 Support & Resistance Support Zone: $0.020–$0.025 (must hold for bullish bias) Resistance Zone: $0.032–$0.038 (watch for breakout) Weak High Target: ~$0.065 (from structural inefficiency if breakout occurs) 🔧 Indicators Volume Spike: Seen on breakout of descending trendline — smart money interest. Stochastic RSI: Currently turning upward, indicating potential momentum build-up. MACD-like Momentum: Compression followed by a second curve up — often precedes volatility expansion. 📈 Trading Outlook Bias: Bullish Accumulation Entry Zone: $0.026–$0.028 (accumulation area) Short-Term Target: $0.034–$0.038 Breakout Target: $0.045–$0.065 Invalidation Level: Below $0.020 (or loss of accumulation structure) 🚨 Final Thoughts VELAAI is showing early signs of a reversal after a heavy downtrend, with clear accumulation and a potential for breakout above EQHs. The next move depends on whether it can push past the $0.032–$0.035 resistance zone with volume confirmation. -------------- Disclosures This analysis is for informational purposes only and is not financial advice. It does not constitute a recommendation to buy, sell, or trade any securities, cryptocurrencies, or stocks. Trading involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.