$VELODROME /USDT Technical Analysis & Trade Signal

Current Price: $0.1798

24h Change: +4.53%

Key Levels

Support Levels:

$0.1700 (strong support)

$0.1669 (24h low)

Resistance Levels:

$0.1834 (24h high and key resistance)

$0.1900 (psychological resistance)

Momentum Analysis

RSI (Relative Strength Index): 58 (Neutral to bullish, room for upward movement)

MACD (Moving Average Convergence Divergence): Bullish crossover on 1H timeframe, indicating upward momentum.

Volume: Increasing volume, signaling strong buying interest.

Trade Signal: Long Position

Entry Zone: $0.1760 - $0.1800

Stop-Loss: $0.1680 (below recent support to limit risk)

Target Levels 🎯

1. Target 1: $0.1850 (near-term resistance)

2. Target 2: $0.1900 (psychological level and breakout point)

3. Target 3: $0.2000 (medium-term bullish target)

Trade Momentum

Short-term (15m-1H): Bullish, supported by volume spikes and positive price movement.

Medium-term (4H-1D): Strong upward potential if $0.1834 resistance is broken.

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