$VELODROME has experienced a decline of 5.336% over the past 24 hours, with a price range between 0.0443 and 0.0388.
Currently, it is testing the key support level at 0.0388, while resistance stands at 0.044.
Market sentiment appears undefined, indicating uncertainty among traders regarding future movements.
The RSI at 38.37 suggests the asset is nearing oversold territory, which could trigger buying interest.
If the price breaks below support, a further decline is likely, whereas a rebound could aim toward resistance levels.
Investors should watch for any major news that could sway market sentiment and affect price action.
