$VELODROME is trading at $0.1744, continuing its downtrend after multiple failed attempts to sustain above $0.2000. The price is approaching critical support at $0.1700, which, if broken, could lead to a deeper correction toward $0.1600.

A recovery above $0.1850 is needed to regain short-term bullish momentum, potentially targeting $0.2000 again. Monitor volume closely as the market approaches key levels that could define the next major move.