$VELODROME /USD: A Swing Between Momentum and Resistance
$VELODROME /USDT is currently trading at $0.1921, up 6.31% over the last 24 hours. The price recently touched a high of $0.2011, showing strong resistance near that level. The support lies at $0.1880, which has held well during intraday dips. A breakout above $0.1970 could lead to a test of $0.2015, while failure to sustain could push the price back toward $0.1880. With RSI at 43, momentum appears to be neutral, suggesting a consolidation phase before the next decisive move. Traders should keep a close watch on volume to confirm breakout or breakdown signals. Manage risk prudently in this tight range.