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Technical Analysis Update: $VELODROME

/USDT

As VELODROME/USDT continues to show volatility, let’s dive into the recent price action.

Current Price: 0.1677 (-6.99% in the last 24 hours)

24h High: 0.1840

24h Low: 0.1669

Volume (VELODROME): 48.15M

Volume (USDT): 8.45M

In the past 15 minutes, the price has slightly dipped by -0.59%, currently trading at 0.1677. The asset is in a consolidation phase, with key support around 0.1660 and resistance at 0.1840. Traders should monitor price movements closely, as we may see a potential breakout above 0.1800 or a further dip towards 0.1600 if bearish momentum continues.

Key Levels:

Support: 0.1660

Resistance: 0.1840

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