๐ดโโ๏ธ$VELODROME VELODROME/USDT Market Update ๐ดโโ๏ธ
๐ Price: $0.1810 (-10.00%)
๐ 24H High: $0.2066
๐ 24H Low: $0.1768
๐ฐ 24H Volume: 133.02M VELODROME
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Market Overview
VELODROME is witnessing a sharp 10% pullback, trading near critical support levels around $0.1768. The price action suggests a consolidation phase after hitting the recent high of $0.2109.
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Key Levels to Watch
๐ต Support Zone: $0.1760 โ Buyers may step in to defend this level.
๐ด Resistance Zone: $0.1960 โ A breakout above this could restore bullish momentum.
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Whatโs Next for VELODROME?
While the current trend is bearish, the overall trading volume suggests that market participants are actively monitoring this pair. If support holds, a short-term rally back to $0.1960 is possible. However, if it breaks below $0.1760, further downside may follow.
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๐ก Trading Strategy:
Short-term Traders: Look for a bounce near $0.1760 before entering long positions.
Long-term Holders: Accumulate cautiously while monitoring the broader DeFi market sentiment.
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๐ฃ Are you holding or waiting for a clearer signal? Share your strategy!
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