$VELODROME bottoming-out rebound +16%, volume expands, bulls need to counterattack
VELODROME today printed a beautiful bottoming-out rebound candle, with the intraday gain directly reaching +16.68%.
From the four-hour chart: it opened at 0.03639, closed at 0.03748, up 3%, and the high tapped 0.03778. More importantly, in the recent four hours, the trading volume in the last two hours is 16.62% higher than in the first two hours. Volume and price are in sync—this suggests real money is coming in, not a hollow pump.
Looking at the 15-minute chart: the past hour has been pretty stable. The highs have risen from 0.03736 to 0.03778, and the lows are also pushing higher. Around 0.0373, there’s consistent buying support. This step-by-step rise—slowly absorbing positions by the bid—is not a one-off “wave.”
My view is very straightforward: bullish.
Below, 0.03706 is the key level. For short-term support, watch 0.03633. As long as price doesn’t break 0.03633, the structure of this bottoming-out rebound remains intact. The upside target starts with 0.03778—the prior high. If it holds, there’s a high likelihood of further room upward.
This pattern of shrinking-volume selloff followed by a volume-expansion rally is often a signal that the short-term trend is strengthening. VELODROME has been compressed for a long time. Now that volume is coming back and sentiment is repairing, going long is much more comfortable than chasing shorts.
Of course, trading never guarantees wins. If it breaks below 0.03633, the long logic for the short term needs to be withdrawn. Cut your loss when necessary—don’t stubbornly hold.
In one sentence: bottoming-out rebound + volume expansion—I’m on the bulls’ side.
VELODROME today printed a beautiful bottoming-out rebound candle, with the intraday gain directly reaching +16.68%.
From the four-hour chart: it opened at 0.03639, closed at 0.03748, up 3%, and the high tapped 0.03778. More importantly, in the recent four hours, the trading volume in the last two hours is 16.62% higher than in the first two hours. Volume and price are in sync—this suggests real money is coming in, not a hollow pump.
Looking at the 15-minute chart: the past hour has been pretty stable. The highs have risen from 0.03736 to 0.03778, and the lows are also pushing higher. Around 0.0373, there’s consistent buying support. This step-by-step rise—slowly absorbing positions by the bid—is not a one-off “wave.”
My view is very straightforward: bullish.
Below, 0.03706 is the key level. For short-term support, watch 0.03633. As long as price doesn’t break 0.03633, the structure of this bottoming-out rebound remains intact. The upside target starts with 0.03778—the prior high. If it holds, there’s a high likelihood of further room upward.
This pattern of shrinking-volume selloff followed by a volume-expansion rally is often a signal that the short-term trend is strengthening. VELODROME has been compressed for a long time. Now that volume is coming back and sentiment is repairing, going long is much more comfortable than chasing shorts.
Of course, trading never guarantees wins. If it breaks below 0.03633, the long logic for the short term needs to be withdrawn. Cut your loss when necessary—don’t stubbornly hold.
In one sentence: bottoming-out rebound + volume expansion—I’m on the bulls’ side.
