### Velodrome Finance (VELOUSD) Price Analysis
**Current Situation**: Velodrome Finance (VELOUSD) is currently trading around $0.089. This price level is within a significant support zone, which has historically provided a strong foundation for potential upward movements.
**Technical Indicators**:
1. **Support and Resistance**: The current support level is around $0.078, with resistance at approximately $0.105. Holding above the $0.078 support level is crucial for maintaining bullish momentum.
2. **Volume**: There has been a noticeable increase in trading volume, indicating strong market interest and potential for further price movement.
3. **Moving Averages**: The short-term moving averages are trending upwards, suggesting a bullish momentum³.
**Price Direction Forecast**:
Given the current price action and technical indicators, VELOUSD is likely to continue its upward trend. If it breaks above the $0.105 resistance level, it could target the next resistance around $0.12.
**Current Situation**: Velodrome Finance (VELOUSD) is currently trading around $0.089. This price level is within a significant support zone, which has historically provided a strong foundation for potential upward movements.
**Technical Indicators**:
1. **Support and Resistance**: The current support level is around $0.078, with resistance at approximately $0.105. Holding above the $0.078 support level is crucial for maintaining bullish momentum.
2. **Volume**: There has been a noticeable increase in trading volume, indicating strong market interest and potential for further price movement.
3. **Moving Averages**: The short-term moving averages are trending upwards, suggesting a bullish momentum³.
**Price Direction Forecast**:
Given the current price action and technical indicators, VELOUSD is likely to continue its upward trend. If it breaks above the $0.105 resistance level, it could target the next resistance around $0.12.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.