$VELODROME /USDT: Setting the Stage for a Breakout

Current Price: $0.2027 (+8.22%)

24H High/Low: $0.2161 / $0.1804

24H Volume: 182.98M $VELODROME

Price Targets:

1. Short-Term Target: $0.2100

2. Mid-Term Target: $0.2160

3. Extended Target: $0.2250

Analysis:

Support Level: $0.2000, serving as a strong accumulation zone.

Resistance Levels: $0.2100 is the immediate resistance, with a potential breakout leading to $0.2160 and beyond.

Trend: Bullish momentum is building after a healthy consolidation phase.

Strategy:

Entry Point: Ideal entry near $0.2020, with a stop-loss at $0.1980.

Profit Booking: Consider taking partial profits at $0.2100 and $0.2160, while leaving room for $0.2250 in case of a strong rally.

Market Insight:

$VELODROME /USDT is gaining traction as buying volume increases. Keep an eye on the $0.2100 resistance level for confirmation of a sustained upward move.

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