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$VELODROME /USDT
Market Insight: $VELODROME is showing strength with a +7.13% move in the last 24 hours. Price is above all key moving averages (MA 7, 25, 99), indicating short-to-mid term bullish momentum with rising volume.
Entry Zone
Buy Zone: 0.06150 – 0.06220
(Pullback to MA25 or slight under MA7 would offer low-risk entries)
Targets
Target 1: 0.06480
Target 2: 0.06700
Target 3: 0.07020
Stop Loss
Invalidation Level: 0.05850
(Below the 4H support and MA99)
Key Levels
Support: 0.06140 / 0.05990 / 0.05850
Resistance: 0.06380 / 0.06550 / 0.07000
Pivot: 0.06292 (Mark Price)
Pro Tip
Volume is climbing and the price is testing a previous resistance zone. Consider scaling in on dips within the entry zone. If price closes above 0.0640 on strong volume, it may trigger a breakout continuation.
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