$VELODROME VELODROME/USDT Market Overview

Current Price: $0.1785 🔻 (-3.15%)

24h Range: $0.1767 - $0.1879

24h Volume: 43.98M VELODROME

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Technical Insights:

EMA (7): $0.1790

EMA (25): $0.1814

EMA (99): $0.1810

(The price is below the 25 and 99 EMAs, signaling bearish momentum).

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Key Levels:

Support: $0.1767 (recent low).

Resistance: $0.1815 (near EMA 25).

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Observations:

1. Downward Momentum: The price is trading under the 25 and 99 EMAs, showing short-term bearishness.

2. Volume: Moderate activity, indicating cautious trading.

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Trading Strategy:

Bearish Play:

Entry: Below $0.1765.

Targets: $0.1740, $0.1720.

Stop Loss: $0.1805.

Bullish Reversal:

Entry: Above $0.1820.

Targets: $0.1845, $0.1875.

Stop Loss: $0.1760.

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Market Sentiment:

Watch the $0.1767 support level for potential breakdown and $0.1815 for bullish recovery.

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