The $VELODROME /USDT chart on the 15-minute timeframe indicates a bearish trend, with the price dropping from $0.1973 to a low of $0.1831. The EMA(7) and EMA(25) are trading below EMA(99), confirming the downside momentum. However, the recent bounce from the $0.1831 support suggests buyers are attempting to regain control. For traders, a sustained move above $0.1875 could lead to a short-term recovery targeting $0.1910 or $0.1930. Conversely, if the price fails to hold above $0.1831, further downside toward $0.1800 may be likely. Risk management is key; set stop-loss below $0.1820 and aim to secure profits on rallies.
