$VELODROME
#/USDT Technical Analysis
Current Price: $0.2044
Momentum: Bullish (+11.21% in 24h)
Trade Signals
1. Support Levels: $0.1987, $0.1925
2. Resistance Levels: $0.2131, $0.2161
3. Moving Averages (MA):
MA(5): Strong upward momentum, currently at 1,863,674.3
MA(10): Long-term buyers remain strong at 1,920,487.
RSI Analysis: Overbought zone, indicating possible corrections after hitting targets.
Targets
1. 🎯 Target 1: $0.2160 (Short-term resistance)
2. 🎯 Target 2: $0.2250 (Strong breakout level)
3. 🎯 Target 3: $0.2380 (High momentum target
Trade Momentum
Entry Zone: $0.1980–$0.2020
Stop-Loss: Below $0.1900
Momentum: Strong buying pressure supported by volume (230.13M VELODROME)
Monitor price action near resistance zones for confirmation of breakout or reversal.