๐ $VELODROME
VELODROME/USDT Technical Analysis โ 3 Targets ๐ฏ
๐ Current Market Overview:
Price: $0.1329 (~Rs37.05)
24h High: $0.1549
24h Low: $0.1323
24h Change: -13.36%
Trading Volume: 64.80M VELODROME
Indicators & Momentum
1๏ธโฃ Moving Averages (MA):
MA(5): 1,461,436.9
MA(10): 1,238,083.9
Short-term bearish trend but potential recovery near MA(10).
2๏ธโฃ Exponential Moving Average (EMA):
EMA indicates a gradual decline. Watch for a cross above 0.1400 for a bullish reversal.
3๏ธโฃ MACD (Moving Average Convergence Divergence):
Bearish momentum currently dominating. However, look for a bullish crossover to signal entry.
4๏ธโฃ SAR (Stop and Reverse):
SAR currently signals a downtrend but is nearing key support levels.
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Key Levels to Watch:
๐น Support:
Primary Support: $0.1300
Secondary Support: $0.1250
๐น Resistance:
Target 1: $0.1400 โ Watch for price recovery and sustained volume increase.
Target 2: $0.1500 โ Critical resistance level; breaking this could confirm bullish momentum.
Target 3: $0.1650 โ Long-term bullish breakout zone if market sentiment strengthens.
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Trading Strategy Suggestion
๐ If price drops to $0.1300, consider accumulating with tight stop-losses below $0.1250.
๐ If price breaks $0.1400, enter for a medium-term trade toward $0.1500 and higher.