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The Velodrome Finance value has skyrocketed 80% within the final 24 hours to commerce at $0.2578 as of seven:30 p.m. EST on an 8,800% pump in buying and selling quantity to $704 million.
This surge within the VELO value follows its itemizing on Binance, which has amplified curiosity within the token and its position throughout the Superchain ecosystem.
Binance will record @VelodromeFi (VELODROME) with seed tag utilized.
➡️ https://t.co/g6DoKXi1o9 pic.twitter.com/ufSp2o1TP7
— Binance (@binance) December 13, 2024
Binance’s announcement confirmed the addition of the VELODROME/USDT spot buying and selling pair on Dec. 13.
Velodrome Finance, a decentralized alternate (DEX) platform, is acknowledged as a key participant in offering liquidity to the Superchain, which underpins its rising utility and demand.
The itemizing will improve investor accessibility and enhance liquidity inside Velodrome’s ecosystem. Nonetheless, Binance has assigned the token a “Seed Tag,” cautioning merchants about its excessive dangers and volatility.
Velodrome Finance Value Encounters A Resistance
The VELO/USD buying and selling pair within the 4-hour timeframe reveals robust bullish momentum, marked by important value motion. At the moment, VELO is buying and selling at $0.2578, following a pointy breakout from the $0.16 degree. This breakout was accompanied by substantial shopping for exercise, driving the value to roughly $0.35 earlier than a wholesome pullback introduced it again to its present degree.
The help zone is firmly established between $0.12 and $0.13, with the breakout level round $0.16 now serving as an instantaneous degree to look at. In the meantime, resistance is obvious close to the $0.30 mark, the place promoting stress emerged.
VELOUSD Evaluation Supply: Dextools.io
The 50-day transferring common (SMA) at $0.1674 has supplied dynamic help, whereas the 200-day MA at $0.1218 lies throughout the broader help zone, additional confirming the underlying bullish development. Each transferring averages replicate a optimistic outlook as costs stay properly above these ranges.
The MACD reveals a slight damaging histogram however is narrowing, which suggests weakening bearish momentum following the pullback.
The RSI (14) is at 65.01, indicating bullish energy however approaching overbought ranges. This explains the latest retracement as merchants took earnings after the parabolic rise.
The pullback from $0.35 to the present degree seems to be a part of a consolidation part, with consumers stepping in to defend new help ranges.
If the value sustains above $0.26, it might retest the $0.30-$0.35 vary within the brief time period. Nonetheless, a failure to carry above the breakout level at $0.16 might result in a deeper correction, with $0.12 as the following key help.
VELO’s bullish development stays intact, however merchants ought to look ahead to affirmation of a rebound or additional consolidation earlier than coming into positions.
Crypto All-Stars Presale Surpasses $16.5 Million – 6 Days Left
Because the Velodrome Finance value gears up for an additional potential surge, merchants are snapping up the brand new meme coin presale Crypto All-Stars (STARS), which has already raised over $16.5 million in its presale. It’s set to record in about 6 days.
Famend YouTuber ClayBro, who boasts greater than 133K subscribers, has predicted a possible 10X surge in STARS’ worth following its launch.
Not like conventional meme cash that rely solely on neighborhood hype, Crypto All-Stars (STARS) distinguishes itself with a novel staking platform that permits merchants to stake a number of prime meme cash in the identical place for the primary time. Rewards are paid in STARS.
The platform lets customers stake 11 standard meme cash: DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO. Extra might be added in future, additional boosting its utility and investor attraction.
👾 The Stars are aligning! ✨
The momentum main as much as this launch is unimaginable! We’re 16 Million robust and rising by the second! 🔥 pic.twitter.com/Y9CbxfHlLS
— Crypto All-Stars (@all_stars_coin) December 13, 2024
Traders may lock up their STARS tokens for a exceptional annual yield of 170%. At the moment priced at $0.0016782 per token, STARS might be bought utilizing ETH, USDT, BNB, FLOKI, SHIB, PEPE, DOGE, or a financial institution card.
Go to Crypto All-Stars
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