VELO gains 108% after Binance listing: Odds of a sell-off now are…

Quick Summary:

One trader made a $448,000 profit on VELO within a few hours of buying the token.

Velodrome Finance, a decentralized finance (DeFi) platform that runs on the Optimism layer two network, has registered a notable drop in Total Value Locked in recent months.

The Bollinger bands on VELO’s one-day chart also depict an overbought scenario, after the price shot past the upper Bollinger band.

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Article Details

Author / Journalist: Muthoni Mary

Category: Crypto

Markets: United States

Topics: Social News Ambcrypto News 1 Trading View Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-14 @ 00:00:49 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 547 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 24404347

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 17 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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