$VELODROME

/USDT Technical Analysis

Current Price: $0.2030 (+1.91%)

Recent activity suggests a potential recovery after a sharp drop of 17.01% in the past 24 hours. Here are three potential targets to watch closely:

🎯 Target 1: $0.2100

The immediate resistance level. Breaking this point could confirm short-term bullish momentum. Watch for volume spikes around this area.

🎯 Target 2: $0.2300

A critical mid-term target, representing the 50% retracement level of recent losses. A move past this level signals growing buyer confidence.

🎯 Target 3: $0.2500+

Key psychological resistance and the 24h high. Reaching this would reflect a complete recovery from the dip, paving the way for stronger upward trends.

Support Zone: $0.1980

Falling below this could trigger further selling pressure.

Monitor price action closely, and trade with a strategy to manage risks effectively!