$VELODROME /USDT Market Update 🚀

Current Price: $0.2263 (+18.23%)

24H High: $0.2290 | 24H Low: $0.1819

$VELODROME is showing impressive bullish momentum, surging to a high of $0.2290 and currently consolidating near $0.2263. The price is holding above the critical $0.2227 level, suggesting strong buying interest and continuation potential.

Key Levels to Watch:

Immediate Resistance: $0.2290 (24H high)

Next Target: $0.2350

Support Zone: $0.2227

Breakout Target: $0.2400

Trade Signals:

Long Setup:

Entry: Near $0.2260–$0.2270 (on confirmation of rebound).

Target 1: $0.2290

Target 2: $0.2350

Stop-Loss: $0.2220

Short Setup:

Entry: If rejection occurs near $0.2290.

Target 1: $0.2227

Target 2: $0.2150

Stop-Loss: $0.2305

Analysis:

Volume is surging, signaling strong participation in the move. A decisive breakout above $0.2290 with rising volume could trigger the next upward leg toward $0.2350 and beyond. However, traders should watch for a pullback if rejection near resistance occurs.

Recommendation: Enter long with confirmation of breakout or short on rejection at resistance. Manage risk with appropriate stop-losses.

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