$VELODROME

#/USDT Technical Analysis

Current Price: $0.2044

Momentum: Bullish (+11.21% in 24h)

Trade Signals

1. Support Levels: $0.1987, $0.1925

2. Resistance Levels: $0.2131, $0.2161

3. Moving Averages (MA):

MA(5): Strong upward momentum, currently at 1,863,674.3

MA(10): Long-term buyers remain strong at 1,920,487.

RSI Analysis: Overbought zone, indicating possible corrections after hitting targets.

Targets

1. šŸŽÆ Target 1: $0.2160 (Short-term resistance)

2. šŸŽÆ Target 2: $0.2250 (Strong breakout level)

3. šŸŽÆ Target 3: $0.2380 (High momentum target

Trade Momentum

Entry Zone: $0.1980ā€“$0.2020

Stop-Loss: Below $0.1900

Momentum: Strong buying pressure supported by volume (230.13M VELODROME)

Monitor price action near resistance zones for confirmation of breakout or reversal.

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