no it's old coin not new Mexc have more the 1 year it's price on Mexc 0.14 and after Binance it's pump on it 0.38 after down down down

$VELODROME

/USDT Technical Analysis and Trade Strategy with three Target keys 📊🎯

Current Price: $0.2212 (-10.95%)

24h High: $0.2596

24h Low: $0.2181

SAR Support: $0.2401

24h Volume (VELODROME): 217.50M

24h Volume (USDT): 53.31M

Average Volume (AVL): 0.2226

Key Levels

Support: $0.2181 (24h Low) – Immediate support zone.

Resistance: $0.2596 (24h High) – Key resistance level.

Target 1: $0.2300 – A potential short-term resistance point, if price finds a bounce.

Target 2: $0.2400 – Near the SAR level, a potential breakout area.

Target 3: $0.2500 – A higher resistance level if bullish momentum resumes.

Trade Setup

1. Enter around $0.2212, which is currently near the 24h low, if price shows signs of stabilizing.

2. Stop-Loss: Place below $0.2181 to manage downside risk if the price drops below the support.

3. Take-Profit:

Target 1: $0.2300

Target 2: $0.2400 (SAR level)

Target 3: $0.2500

Quick Strategy

Trend: The price is currently in a downtrend (-10.95%) and testing support at $0.2181. Look for signs of reversal or stabilization around this level.

Volume: With strong volume (217.50M), be prepared for potential volatility as the price moves toward resistance.

🚀 Monitor for a potential reversal or bounce at key support! 📈

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