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Binance Technical Analysis: $VELODROME

VELODROME
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0.1956
-0.45%

/USDT – Key Price Targets 🎯

The recent bullish momentum in $VELODROME /USDT has been impressive, with the price currently at $0.2249, reflecting a 19.25% increase in the past 24 hours. Let's dive into some key technical levels and potential targets for the next few trading sessions.

Key Levels to Watch:

1. Support Zone: $0.2150

A strong support level has formed around $0.2150. Should the price retrace, this level could serve as a solid foundation for a bounce back.

2. Resistance Zone: $0.2313

The recent 24h high of $0.2313 has proven to be a tough resistance. A break above this could signal further bullish momentum and push the price higher.

3. Target Zone: $0.2400

If the price successfully breaks through the $0.2313 resistance, the next major target lies at $0.2400. This level could mark the continuation of the current uptrend.

Conclusion: With a solid base at $0.2150 and bullish momentum pushing towards $0.2313, VELODROME has the potential to target $0.2400 in the near term. Keep an eye on these levels for potential breakout opportunities.

Stay tuned for more updates on VELODROME/USDT! 🚀

This structure highlights the current trend, identifies key technical levels, and provides clear targets for potential price action.