Technical Analysis Report for CLV/USDT

Current Market Overview:

Price: $0.10875 (+24.87%)

24H High: $0.13080

24H Low: $0.08664

24H Volume (CLV): 1.54B

24H Volume (USDT): 171.01M

RSI (6): 59.38 (Neutral, nearing bullish momentum)

Resistance and Support Levels:

Resistance (White):

First Level: $0.13080

Second Level: $0.13998

Support Levels (Green):

First Level: $0.08664

Second Level: $0.06723

Indicators Overview:

Moving Averages:

The current price has broken above significant short-term moving averages, signaling bullish momentum.

Relative Strength Index (RSI):

RSI is close to 60, suggesting bullish potential but not yet overbought.

Volume Trend:

The trading volume is significantly high, supporting upward momentum.

Short Trade Signals (Bearish Indications):

Entry Point: Near $0.13080 (if resistance holds).

Target: $0.08664

Stop Loss: $0.13998

Indicator Confirmation: Declining RSI below 50 and decreasing volume.

Long Trade Signals (Bullish Indications):

Entry Point: On break above $0.13080 with high volume.

Target: $0.13998

Stop Loss: $0.10875

Indicator Confirmation: RSI crossing above 60 and consistent volume growth.

Key Observations:

The chart shows a sharp recovery from $0.06723, indicating strong demand.

Resistance near $0.13080 could trigger short-term profit-taking.

If price consolidates above $0.10875, the bullish trend may strengthen.

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