$VELODROME /USDT - Monitoring for a Potential Reversal

$VELODROME is currently priced at $0.1892, showing a -5.02% decrease in the last 24 hours. The price has slightly retraced after hitting a 24h High of $0.2018, but remains above important support levels.

๐Ÿ“Š Key Price Levels:

24h High: $0.2018

24h Low: $0.1869

Current Price: $0.1892

๐Ÿ”ฎ Key Targets:

1. Target 1: $0.192 โ€“ A possible resistance level, as indicated by the MA(99). A breakout above this could signal a reversal.

2. Target 2: $0.1969 โ€“ The 7-period MA is slightly above this level, making it an important short-term resistance point to monitor.

3. Target 3: $0.1869 โ€“ This is a key support level. If the price touches this, it could either bounce or signal further declines depending on volume and market sentiment.

$VELODROME 's price is in a slight retracement, but the moving averages suggest a potential reversal if it can break key resistance levels.

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