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VELO/USDT Trend Analysis: From the Supply Side Perspective
VELO is moving exactly according to the chart rhythm. It surged from the demand zone to the high-level supply zone, with clean momentum during the upward process, but now the price is stuck at a high level. This area has been repeatedly rejected, indicating that institutions are quietly offloading rather than continuing to accumulate. In the short term, watch whether the price can stabilize above this supply zone—if it is pushed back again, the bearish trend will be confirmed.