#Velodrome ๐$VELODROME
0.0785
+8.87%
VELO/USDT Technical Analysis โ Binance Update ๐
๐ Current Price: $0.0818 (-14.88%)
๐ 24h High: $0.0967 | ๐ 24h Low: $0.0788
๐ 24h Trading Volume: 53.96M VELO
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๐ Technical Overview:
VELO is currently experiencing a pullback after reaching a recent high of $0.0967. The price is testing key support levels, which could determine its next move.
Support Levels: $0.0788 (major support), $0.0750 (psychological support)
Resistance Levels: $0.0901, $0.0953, $0.0967
Indicators:
โ RSI near 40 โ oversold zone approaching
โ 50 EMA at $0.0895 acting as resistance
โ Bollinger Bands tightening โ a breakout is possible
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๐ฏ Potential Targets for VELO/USDT
1๏ธโฃ Target 1 โ $0.0900 ๐
๐น A short-term recovery zone where VELO could face resistance. If broken, momentum may shift bullish.
2๏ธโฃ Target 2 โ $0.0967 (Recent High) ๐
๐น This level marks the latest peak, and breaking it could signal further bullish movement.
3๏ธโฃ Target 3 โ $0.1050 (Breakout Zone) ๐
๐น If bulls regain control, a move towards $0.1050 is likely, aligning with a previous liquidity zone.
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๐ก Trading Strategy:
๐ Bullish Scenario: A breakout above $0.0900 could push VELO towards $0.0967, with a potential rally to $0.1050. Look for confirmation with increasing volume.
๐ Bearish Scenario: If $0.0788 fails as support, a further dip towards $0.0750 or lower is possible. Monitor for buying interest in this zone.
๐จ
#Velo #CryptoTrading #BฤฐNANCE #TechnicalAnalysis #DeFi ๐