$VELODROME (VELODROME/USDT) price is currently $0.0285 or Rs7.99 per, showing a slight dip of -1.04% over the last 24 hours. The market sentiment seems a bit neutral to slightly bearish, as the momentum is not strong and the volume is also moderate around $329K USDT. The MACD and Moving Averages on the charts are flat, indicating that the market is currently in a consolidation phase.
Strong support is seen at the 24-hour low of 0.0278, and there is also buying interest in the area of 0.0279-0.0280. Resistance is at 0.0290 (24h high), and above that, selling pressure is observed at 0.0291. If the price breaks 0.0290, the short-term target could be 0.0295; otherwise, if support breaks, movement towards 0.0275 could occur.
Overall, the market is in a bit of a wait-and-see mode, so trading should be done with patience. Keep an eye on the order book and volume changes!
