$VELODROME

VELODROME/USDTTechnical Analysis & Trade Signal

Current Price: $0.1804

24h High: $0.1850 | 24h Low: $0.1660

24h Volume: 115.24M VELODROME | 20.37M USDT

Technical Indicators:

RSI: Around 60 (Neutral to Bullish)

MACD: Showing bullish momentum

EMA (50 & 200): Bullish crossover indicates uptrend

Trade Signal:

Trend: Bullish with short-term volatility.

Support Level: $0.1660

Resistance Level: $0.1850

Target Levels (🎯):

1. Target 1 (Primary Target): $0.1850 — Anticipated break of resistance.

2. Target 2: $0.1900 — Additional resistance at higher levels.

3. Target 3: $0.2000 — Psychological barrier and major resistance.

Trade Momentum:

Short-Term Momentum: Bullish with increasing buying pressure.

Entry Point: Around $0.1800 with an immediate stop loss below $0.1700.

Exit Strategy: Consider selling near $0.1850 to $0.1900 range depending on market conditions.

This analysis suggests a potential continuation of the bullish trend with steady price action, but you should monitor market volume and price fluctuations for adjustments.

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