Market Update: $VELODROME VELODROME/USDT

Key Stats:

Current Price: $0.1415

24h Change: -12.87% 📉

High (24h): $0.1624

Low (24h): $0.1365

Volume (24h): 70.53M VELODROME

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Technical Overview:

VELODROME continues its downward trend, trading under the EMA (7, 25, 99), with no immediate signs of reversal.

Critical Support: $0.1365 – A potential zone for stabilization or bounce.

Resistance Levels: $0.1481 (EMA 25), $0.1645 (EMA 99) – These areas could cap any short-term recovery attempts.

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Strategy:

1. Short-term Traders: Watch for volume surges near support zones for scalping opportunities.

2. Long-term Holders: Exercise caution; await a confirmed trend reversal before adding positions.

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