$VELODROME
The VELODROME/USDT trading pair is showing notable strength, trading at $0.2052, a 10.80% increase in the past 24 hours. The pair hit a daily high of $0.2313 and a low of $0.1819, with a trading volume of 346.94M $VELODROME , equating to $71.63M USDT.
Key technical indicators💹
EMA(7): $0.2043
EMA(25): $0.2014
EMA(99): $0.2183
Key Levels👍
Resistance: $0.2313 and $0.2372
Support: $0.2014 and $0.1819
With significant momentum in the #DeFi sector, this pair is gaining attention. Traders can consider targeting $0.23+ while setting stop-losses below $0.19 to manage downside risks. The rising EMAs suggest bullish sentiment, but the price nearing its EMA(99) level could signal potential consolidation.
For sustained gains, #Velodrome will need to hold above $0.20 while breaking resistance at $0.23. The overall volume indicates growing market interest, making it a viable choice for short-term traders.