🌩️ $VELODROME /USDT – May 10, 2025 Market Update

🏷️ Category: DeFi Gainer

💰 Price: $0.0793 (▲ +33.50%)

📈 24H High: $0.0833 | 📉 24H Low: $0.0574

🔄 24H Volume: 320.63M VELODROME | 💵 USDT Volume: $23.39M

📊 VELO Price Analysis & Key Levels

🔹 Resistance Levels: $0.0833 / $0.0890

🔹 Support Levels: $0.0725 / $0.0640

📉 Crypto Market Insights

🔸 Fibonacci Retracement (Low $0.0574 – High $0.0833):

38.2% – $0.0734

61.8% – $0.0673

Pivot – $0.0705

🔸 ATR (14D): ±$0.0086

📉 Expected Swing Range: $0.070 – $0.088

🚀 Bullish Scenario

✅ If price stays above $0.0734, bulls may attempt breakout above $0.0833

✅ A clean break above $0.0833 targets $0.0890 or more

⚠️ Bearish Scenario

❌ Rejection at $0.0833 could push a dip toward $0.0725

❌ Breach below $0.064 risks breakdown toward $0.058

🎯 Trading Strategy – Bullish Bias

🛍️ Spot Trading

Buy Zone: $0.0710 – $0.0750

🎯 Targets: $0.083 / $0.089

⛔ Stop-Loss: $0.063

⚡ Futures Trading

📈 Long Setup

Entry: $0.073 – $0.076

🎯 Targets: $0.083 / $0.088

⛔ Stop-Loss: $0.066

📉 Short Setup (only if sharp rejection at $0.0833)

Entry: $0.082

🎯 Target: $0.070

⛔ Stop-Loss: $0.085

🛡️ Risk Management & Alerts

Price has extended; volume confirms the move. Use trailing stop once above $0.080.

✨ Unique Insight

📊 VWAP = $0.0746 — VELODROME is trading above VWAP, indicating strong buyer control. A retest of VWAP could be a re-entry zone.

📌 Summary

VELODROME saw a powerful 33% rally with a strong DeFi inflow. Key to watch: holding above $0.073 and volume sustaining near highs.

❓Will VELODROME flip $0.083 into support and enter price discovery above $0.09?

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