Technical Analysis VELODROME/USDT
Key Data:
Current Price: 0.0747 USDT (+2.61%)
24h High: 0.0756 USDT
24h Low: 0.0716 USDT
Trading Volume: 40.58 million VELODROME / 2.99 million USDT
Technical Levels:
Support: 0.0728 / 0.0716 USDT
Resistance: 0.0756 / 0.0766 USDT
Order Book and Market Sentiment:
Demand: 16.44% (very few buyers).
Supply: 83.56% (high selling pressure).
Large Sell Orders: 0.08 / 0.09 USDT – resistance zones.
Possible Scenarios:
Bullish: If the price breaks 0.0756, growth to 0.078–0.08 USDT is possible.
Bearish: If the price falls below 0.0728, a correction to 0.0716–0.0693 USDT is possible.
Trading Strategies:
Long: Entry 0.073–0.074 USDT, target 0.078–0.08 USDT, stop-loss 0.072 USDT.
Short: Entry 0.0755–0.076 USDT, target 0.072–0.071 USDT, stop-loss 0.078 USDT.
Summary: Upward trend, but strong selling pressure. Better to wait for a breakout at 0.0756 or a correction to support before entering.