$VELODROME /USDT: Significant Price Surge with Impressive Volume
Velodrome (VELO) is currently priced at $0.2446, showing an impressive +64.82% increase over the last 24 hours.
Key Metrics
24h High: $0.3880
24h Low: $0.1484
24h Volume (VELO): 781.59M VELODROME
24h Volume (USDT): $224.63M
Market Depth
Resistance Levels: $0.3880, $0.4000
Support Levels: $0.2446, $0.2243
Technical Analysis
VELO has seen a significant price increase of over 64% in the past 24 hours, indicating strong bullish sentiment. The price is currently testing resistance around $0.3880, and a breakout above this level could lead to further upward movement toward $0.4000. On the downside, support is expected near $0.2446 and $0.2243.
Trading Strategy
For Buyers: Consider entering if the price holds above $0.2446, targeting a move towards $0.3880 and possibly $0.4000.
For Sellers: Watch for signs of resistance at $0.3880 or $0.4000, or if the price retraces below $0.2446, indicating potential for further downside.
Market Sentiment
Velodrome is currently experiencing a major surge, driven by significant volume. This indicates strong investor interest, particularly in the DeFi space.