🚨 VELO Price Action – Market Snapshot**
Today, $VELO is trading at $0.01611, marking a 1.39% decline over the last 24 hours.
📊 What’s happening on the chart?
- Price dropped sharply earlier, finding short-term support at $0.0158.
- A minor bounce has followed, but we’re still below the local resistance zone of $0.0165.
- This bounce could be a dead cat or the start of a slow recovery ,next few candles will confirm. 🕵️♂️
🧠 Key levels to watch:
-Support: $0.0158 – If this fails, expect more downside.
Resistance: $0.0165 – A breakout here could trigger some bullish momentum.
💡 Market Insight: Volume is up 4.43%, signaling growing interest but it’s unclear if that’s accumulation or distribution. Patience is key here.
As always: watch the levels, manage your risk, and never chase pumps. 📉📈
