šŸšØšŸšØ šŸš€VELODROME ($VELO) UNDER PRESSURE ā€“ WHATā€™S NEXT? šŸ“‰šŸš€šŸšØšŸšØ

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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. Letā€™s break down the key points:

šŸ’” 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 $0.3149ā€”a breach here could signal recovery.

šŸ”„ 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.

šŸš€ Pro Tip: Keep an eye on market sentiment and volume spikesā€”theyā€™ll indicate the next move!

Whatā€™s your strategy for $VELO? Letā€™s discuss!

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