$VELODROME 0.03909 Hold it? Don’t rush to shout “to the moon.” This daily chart has surged 28%, but the volume is only 285 million, and the trading value over the past 24 hours is merely 10.21 million—clearly the volume and price aren’t matching. In other words, the price has gone up, but there aren’t enough buyers behind it.
The intraday range was highest 0.03913 and lowest 0.03034—almost a 30% swing. That suggests longs and shorts have been tussling back and forth within the 0.030 to 0.039 band. Just when the bulls pushed the price up to 0.039, nobody stepped in to buy.
The key numbers are laid out here: resistance at 0.03913 above is today’s ceiling; until it stands above it, don’t think about what comes next. Support at the lower track 0.03034 is the intraday low that hasn’t been broken—if it falls below 0.030, then
#VELODROME
The intraday range was highest 0.03913 and lowest 0.03034—almost a 30% swing. That suggests longs and shorts have been tussling back and forth within the 0.030 to 0.039 band. Just when the bulls pushed the price up to 0.039, nobody stepped in to buy.
The key numbers are laid out here: resistance at 0.03913 above is today’s ceiling; until it stands above it, don’t think about what comes next. Support at the lower track 0.03034 is the intraday low that hasn’t been broken—if it falls below 0.030, then
#VELODROME