šØšØ šVELODROME ($VELO) UNDER PRESSURE ā WHATāS NEXT? šššØšØ
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. Velodrome (VELO/USDT) has seen a significant drop of -14.04%, trading at $0.2571 with a 24-hour range of $0.2360 - $0.3149. Letās break down the key points:
š” Market Analysis:
ā¢ Volume Surge: $VELO experienced a massive 24-hour trading volume of 678.99M, indicating heightened interest and volatility.
ā¢ Support Level: The price found temporary support near $0.2360, but further selling pressure could test this level again.
ā¢ Resistance Level: The nearest resistance sits around $0.3149āa breach here could signal recovery.
š„ Prediction:
If buyer momentum increases (currently 49.58% bids vs. 50.42% asks), VELO may rebound towards $0.30+. However, continued bearish sentiment could push the price below $0.23, testing deeper support.
š Pro Tip: Keep an eye on market sentiment and volume spikesātheyāll indicate the next move!
Whatās your strategy for $VELO? Letās discuss!
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