Technical signals indicate a clear weakening trend, buying pressure is weak, and if key levels cannot hold, the downward space opens up; for now, observe.

View Original
MarcusCorvinus
$VELODROME looks weak here.

The structure is fading, momentum is slowing, and buyers aren't showing much strength.

If this level fails to hold, lower targets could come into play quickly.

Bears are pressing. I'm watching for a breakdown that could send it significantly lower.
repost-content-media
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned