$VELODROME $ 💥VELODROME/USDT🚨🚨🚨

🫠Technical analysis and Targets 🌟🌟🌟

ANALYSIS (key observation )

1. Price Action:

The price ($0.1832) is slightly below the longer-term EMA values (EMA(25): $0.1842, EMA(99): $0.1846).

This suggests mild bearish pressure or consolidation in the short term.

2. RSI (Relative Strength Index):

RSI(6) = 44.0353 is in the neutral range (30–70), indicating no immediate overbought or oversold conditions.

A value near 40 suggests mild bearish momentum but room for recovery.

3. Support and Resistance Levels:

Support: Closest support is near the 24h low ($0.1782).

Resistance: Closest resistance is near the 24h high ($0.1927).

Mid-range resistance can be identified around $0.1850 (close to EMA(25)).

4. Volume:

Moderate trading volume indicates active participation but no signs of a breakout or breakdown yet.

Short-Term Price Prediction (Next 24–48 Hours)

1. Bearish Scenario:

If the price falls below $0.1800, it could test the key support at $0.1782. A break below this could lead to further declines toward $0.1750.

2. Bullish Scenario:

If the price breaks above $0.1850 (near EMA(25)), it could retest the $0.1927 resistance. A successful breakout could push the price toward $0.1950–$0.2000.

Mid-Term Price Prediction (Next 7 Days)

1. Targets in a Bullish Trend:

First Target: $0.1950

Second Target: $0.2000

Extended Target: $0.2100

2. Targets in a Bearish Trend:

First Support: $0.1782

Second Support: $0.1750

Extended Drop: $0.1700

Summary of Strategy

Bullish Entry: Look for a breakout above $0.1850 with strong volume.

Bearish Entry: Enter below $0.1800 if bearish momentum builds.

Neutral Approach: Monitor the range between $0.1800 and $0.1850 for potential breakouts.

Let me know if you'd like further analysis or strategy breakdown!

$VELODROME