$VELODROME

Climbs Higher – Is a Major Rally Brewing?

Velodrome is currently trading at $0.2213, marking a solid 15.50% gain over the last 24 hours. The price recently tested a high of $0.2313, signaling strong bullish momentum as traders capitalize on growing volume, with $442.89 million traded in the past day. The recent bounce from $0.1851 suggests robust buying interest at lower levels.

The RSI at 46.25 indicates the momentum is still within a balanced zone, providing room for further upside. Meanwhile, the MACD hints at a slight slowdown, suggesting a potential short-term consolidation before the next move. Key resistance at $0.2313 could determine the next leg higher, while support at $0.2171 is crucial for maintaining bullish sentiment.

With a breakout above resistance, Velodrome could target new highs, providing traders with attractive opportunities. However, cautious risk management is essential as volatility remains high. #Write2Earn! #MarketCorrectionBuyOrHODL? #PENGUOpening