🚨 $VELODROME /USDT COLLAPSES – Is a Recovery Imminent? Watch These Key Levels! 🚨
VELODROME is currently trading at $0.2023, down 17.06% after a dramatic drop from a high of $0.3880. Following the sharp decline, the price has stabilized near $0.2023, suggesting a potential bottoming-out phase.
Key Levels to Watch:
Immediate Support: $0.1984 – Holding above this level is critical for preventing further decline.
Resistance Levels & Upward Targets:
Target 1: $0.2243 – A breakout here could signal recovery momentum.
Target 2: $0.2519 – This marks the 24-hour high, acting as a strong resistance.
Target 3: $0.3121 – The next major resistance zone, indicating a possible trend reversal.
⚠️ Caution: Failure to hold the $0.1984 support level could lead to further downside, testing lower levels near $0.1484. Traders should closely monitor volume and price action for confirmation of direction.
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