This currency is not going up at all. It has not risen so far. It cannot reach 2 reais.
RYTrader
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Bullish
$VELODROME /USDT pair is showing solid growth, trading at 0.1333 with an 8.91% increase in the last 24 hours. The price range, from a low of 0.1216 to a high of 0.1387, indicates decent volatility, offering opportunities for both range and breakout traders. The 24-hour trading volume is moderate, with 78.39M $VELODROME and 10.09M USDT, providing sufficient liquidity for trades. Resistance levels are near 0.1387, while support is observed around 0.1268 and 0.12. Traders should use Moving Averages (MA), Bollinger Bands (BOLL), and MACD for trend confirmation, and SAR for spotting potential reversals. This setup is ideal for momentum-based strategies in the DeFi space.