$VELODROME #VELODROMEAlert #Velodrome

BULLISH INDICATORS

Price Surge: The price has increased by +19.92%, indicating strong bullish momentum.

GREEN CANDLES

The last few candlesticks are green and show strong buying pressure.

MACD Bullish Crossover: The MACD line has crossed above the signal line, signaling a potential uptrend.

Volume Increase: The trading volume is relatively high, suggesting strong market interest.

BEARISH RISKS

Resistance at 0.0583: The 24-hour high is 0.0583, which could act as resistance.

Moving Averages: The 99-period MA (0.0570) is nearby, which might act as resistance.

Overbought Conditions: The sharp price increase could lead to a pullback if traders start taking profits.

Prediction:

If bullish momentum continues: The price might test $0.0583 - $0.0600.

If a pullback occurs: The price could drop to $0.0514 - $0.0470 before finding support.

STRATEGY

If you are holding, watch for a breakout above $0.0583 for more upside.

If you are considering entry, look for a dip near support zones before buying.

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