Technical Analysis of $VELODROME

/USDT:

Current Price: $0.1992 (+8.91% in 24h)

Trend: Bullish momentum with a recent price increase.

Key Levels:

Support: $0.1825 (24h Low)

Resistance: $0.2161 (24h High)

Moving Averages:

MA (5): 1,652,322.0 (indicating short-term uptrend)

MA (10): 1,667,349.9 (supports bullish momentum)

Trade Signals:

Buy Signal: If price holds above $0.1992, watch for a continuation towards resistance levels.

Sell Signal: If the price drops below $0.1925, consider closing positions.

Targets 🎯:

1. Target 1: $0.2100 (near resistance)

2. Target 2: $0.2150 (potential breakout point)

3. Target 3: $0.2200 (upper resistance)

Trade Momentum:

Positive short-term momentum driven by rising volume.

Watch for continued upward movement above $0.1992 to stay bullish.

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