$VELODROME USDT TECHNICAL ANALYSIS: MARKET NEXT MOVES
$VELODROME USDT is currently trading at $0.0365, up +6.73% in the last 24 hours. The pair has recorded a 24h high of $0.0372 and a 24h low of $0.0334, showing a short-term bullish momentum.
The RSI(6) stands at 44.84, indicating the market is in a neutral to slightly oversold zone, suggesting room for further upward movement if buying pressure increases.
Key support levels are at $0.0334 and $0.0360, while resistance levels are around $0.0372 and $0.0379. A break above $0.0372 could pave the way for higher targets near $0.0385–$0.0390.
Overall, market sentiment is moderately bullish, but traders should watch volume and RSI for confirmation of sustained upward momentum.
Market Next: Potential short-term bullish continuation with consolidation around $0.0365, targeting $0.0372 and higher resistance in the near sessions.
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