Technical Analysis: $VELODROME

/USDT 🎯

As we observe the recent price movements of VELODROME/USDT, here are three potential target levels to keep an eye on in the near term:

1. Target 1: $0.1760

This level marks the recent 24-hour high and could act as a key resistance point. A break above this zone may signal further bullish momentum, potentially leading to higher levels.

2. Target 2: $0.1645

The 24-hour low serves as a crucial support level. If the price retraces, this support might hold, giving bulls an opportunity to re-enter and push prices higher.

3. Target 3: $0.1700

Positioned between the high and low, this level is a potential pivot point. A bounce from this zone could signal a consolidation phase, as the market waits for clearer directional cues.

Trend Overview: Currently, VELODROME/USDT is experiencing a slight downtrend of -1.55% over the past 24 hours, but the key support and resistance levels mentioned could offer traders solid entry and exit points.

Keep an eye on these levels as we continue to monitor market activity. Always remember to trade responsibly and stay updated on the latest market trends.