$VELODROME /USDT Poised for Breakout: Key Levels & Market Outlook

🔥 Current Price: $0.2536 (+6.51%)

Key Levels

Resistance: $0.2575 (short-term), $0.2650 (major breakout zone)

Support: $0.2470 (short-term), $0.2400 (major support zone)

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Entry Strategy

Long Entry:

Zone: $0.2500–$0.2550

Targets: $0.2600 / $0.2650 / $0.2700

Stop Loss: Below $0.2470

Short Entry (if breakdown):

Zone: Below $0.2470

Targets: $0.2430 / $0.2380

Stop Loss: Above $0.2520

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Technical Insights

Pattern: The 30-minute chart shows a bullish structure with higher lows, with key resistance near $0.2550.

Breakout Signal: A sustained move above $0.2575 could trigger a rally targeting $0.2650+.

Risk: If resistance holds, a pullback toward $0.2470 is possible.

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Market Outlook: Bullish above $0.2575; volume confirmation remains critical. If the price is rejected at resistance, look for corrections toward support levels.

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