📊 $VELODROME /USDT Technical Analysis & Short-Term Trade Insights

🚀 Current Price: $0.1922 (+4.34%)

📈 24h High/Low: $0.2313 / $0.1837

💰 24h Volume: 353.49M VELODROME (~$73.02M USDT)

🔍 Market Overview:

VELODROME/USDT is showing moderate bullish momentum with a 4.34% gain in the past 24 hours. However, price action is range-bound between $0.18 (support) and $0.23 (resistance).

Resistance Levels: $0.2000 and $0.2300.

Support Levels: $0.1800 and $0.1650.

Technical Indicators:

MACD: Indicating weak bullish momentum but with room for further upside.

RSI: Neutral, suggesting potential for more price movement.

🎯 Short Trade Targets:

1️⃣ Target 1: $0.2050

2️⃣ Target 2: $0.2150

3️⃣ Target 3: $0.2300

⚠️ Stop-Loss: $0.1750

💡 Strategy: Look for sustained movement above $0.2000 for confirmation of bullish continuation. Failure to break $0.2300 resistance could result in a pullback to $0.1800 or lower.

📢 Disclaimer: This post is for informational purposes only and is not financial advice. Always conduct your own research before trading.

#DeFi #VELODROME #CryptoTrading #TechnicalAnalysis #CryptoSignals