🚨 $VELODROME /USD ALERT: Consolidation or Breakout? Key Levels in Focus! 🚨
VELODROME is trading at $0.1872, down -3.31% in the last 24 hours. After testing a high of $0.1945, the pair has entered a consolidation phase, creating a potential opportunity for a decisive move.
Key Levels to Watch:
Resistance Levels:
1. $0.1900 – Immediate resistance.
2. $0.2000 – Critical breakout zone.
3. $0.2150 – Long-term bullish target.
Support Levels:
$0.1800 – Immediate support zone.
$0.1700 – Key level to maintain market stability.
Market Insight:
VELODROME’s trading volume stands at 72.30M, reflecting moderate interest. A breakout above $0.1900 could trigger a rally toward $0.2000. However, failure to hold $0.1800 may result in further downside pressure.
📌 Pro Tip: Keep an eye on volume spikes. A breakout above $0.1900 with strong momentum could signal an upward trend. Place stop-losses below $0.1700 to manage risks effectively.
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