Headline:
$VELODROME Explodes Higher! What's Next After This Massive Pump?
Hello Market Sense community!
The ($VELODROME) chart is the top mover today, with a huge explosive rally on the 4-hour chart. We just saw the price rocket from the $0.038 level all the way to a new 24-hour high of $0.0511!
This is the exact 4-hour chart I am analyzing
My Analysis: This is a classic, high-volume breakout. After an explosive move like this, a pullback is normal.
As we can see from the chart, the price has pulled back slightly from its high of $0.0511 to the current price of ~$0.0452. This is a critical moment.
New Resistance (The Ceiling): The high at $0.0511 is the new level that bulls need to break.
New Support (The Floor): The old resistance, around $0.0384 (where the breakout started), now needs to act as the new support level.
The Thesis: The big question is: Can ($VELODROME) hold these new gains? We need to see if the price can form a new base of support above $0.0384. This volatility is high, so trade with caution and don't chase the pump.
Did you catch this $VELODROME move? What's your target?
