🚀 $VELODROME VELODROME/USDT Rises 3.54% – A DeFi Gem to Watch! 🔥

Current Price: $0.1873 (+3.54%)

24H High: $0.1921

24H Low: $0.1732

VELODROME is gaining traction in the DeFi market, climbing steadily with a 3.54% increase over the past 24 hours. After testing a high of $0.1921, the token is consolidating near $0.1873, reflecting strong buying interest.

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Key Market Insights

🔹 Support Zone: $0.1838 serves as immediate support. A break below this could see VELODROME testing $0.1800.

🔹 Resistance Zone: $0.1921 remains the next critical resistance. A breakout above this level could lead to a rally toward $0.2000.

🔹 Trading Volume: With 102.27M VELODROME traded, the market activity signals solid interest in this token.

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What’s Next for VELODROME?

1️⃣ For Bulls:

Look for sustained movement above $0.1921 to push toward the psychological level of $0.2000.

Monitor rising volume for confirmation of bullish momentum.

2️⃣ For Bears:

Watch for a rejection near $0.1921, which could trigger a pullback to $0.1800 or lower.

Focus on decreasing volume as a sign of weakening momentum.

3️⃣ Risk Management:

Set stop-loss levels slightly below $0.1800 to manage potential downside risks.

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Trading Strategy

For Breakout Traders: Target entries above $0.1921 with a focus on $0.2000 as the next profit zone.

For Swing Traders: Buy on dips near $0.1838 and hold for a potential retest of $0.1921 or higher.

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Key Takeaway

VELODROME is showing strong DeFi market potential with consistent gains and growing trading activity. Keep an eye on key levels as the token builds momentum for its next move.

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