VELODROME Binance / Coinbase probable Scenario
An expected drop from ATH for VELODROME after Binance listing was highly expected.
While some claim it may drop further, the TA shows too many bullish pointers that should push the price at least till 0.28, with a possible retest in the 0.25-0.26 area.
I will personally make a risk and go long. If the price drops below the 0.225 area without a significant bounce back, we should expect a further drop till around the 0.2 area.
Velodrome is the most used DEX on Optimism and share the same team with the Aerodrome project, the most used DEX on BASE. Since AERO had a very nice uptrend since it's listing on Binance (Futures) with a steady 2$ area and a 1.4B Market Cap, along with the positive updates on Optimism, it is in my opinion safe to assume that Velodrome can reach at least half of Aerodrome's Market Cap, which would mean an easy 3x from today's price of 0.24$.
Not financial advice, INVEST ONLY WHAT YOU ARE READY TO LOSE.
For more TA, boost this posting and reach out.
While some claim it may drop further, the TA shows too many bullish pointers that should push the price at least till 0.28, with a possible retest in the 0.25-0.26 area.
I will personally make a risk and go long. If the price drops below the 0.225 area without a significant bounce back, we should expect a further drop till around the 0.2 area.
Velodrome is the most used DEX on Optimism and share the same team with the Aerodrome project, the most used DEX on BASE. Since AERO had a very nice uptrend since it's listing on Binance (Futures) with a steady 2$ area and a 1.4B Market Cap, along with the positive updates on Optimism, it is in my opinion safe to assume that Velodrome can reach at least half of Aerodrome's Market Cap, which would mean an easy 3x from today's price of 0.24$.
Not financial advice, INVEST ONLY WHAT YOU ARE READY TO LOSE.
For more TA, boost this posting and reach out.
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