🚨 $VELODROME Dips to $0.2013 – Is a Strong Rebound on the Horizon?
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$VELODROME is trading at $0.2013 on the 15-minute chart, down from its 24-hour high of $0.2313 but stabilizing after testing support near $0.1851. The sharp rejection from recent highs highlights strong selling pressure, but the RSI at 30.51 indicates the asset is entering oversold territory, hinting at a possible reversal. The MACD remains bearish, suggesting short-term momentum still favors sellers, though a change could emerge if buying volume increases.
Traders should watch for a decisive move as VELODROME hovers above key support. Holding this level could signal a rebound as buyers step in, while a breakdown risks further downside pressure. A clear reversal could present an attractive entry point for traders anticipating a recovery from this dip.