🚨 $VELODROME /USDT Approaching Critical Support – Will the Bulls Step In? 🚨
VELODROME is trading at $0.1812, reflecting a 4.58% decline in the last 24 hours. With a high of $0.1973 and a low of $0.1778 today, the price is testing its immediate support zone, signaling potential volatility ahead.
Key Levels to Watch:
Targets:
1. First Target: $0.19 – Immediate resistance to test the recovery momentum.
2. Second Target: $0.20 – A key breakout level to attract further bullish action.
3. Third Target: $0.22 – Major resistance and a crucial level for long-term gains.
Support:
$0.1780 – A breakdown below this level could lead to extended bearish momentum.
Analysis:
With daily volume at $67.89M, VELODROME isseeing active trading, indicating heightened interest. Watch for a bounce near $0.1780 to confirm bullish intent. Failure to hold this support might trigger further declines, so manage risks accordingly.
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