Technical Analysis for $CLV
/USDT:
Current Price: $0.07436
24h Movement: +12.33%
Trend: Bullish momentum with recent gains. The price broke above the $0.069 resistance and is approaching the $0.075 level.
Support: $0.06267 (Recent low)
Resistance: $0.07500 (Near-term resistance)
Indicators: RSI near 70 (showing bullish momentum but close to overbought), MACD showing upward cross (strong buy signal)
Trade Signal:
Signal: Buy with caution at current price level for medium-term gains.
Target Levels:
1. Target 1: $0.078 (First resistance level, key take-profit area)
2. Target 2: $0.082 (Next resistance level based on recent upward movement)
3. Target 3: $0.090 (Key psychological resistance and extension level)
Momentum:
The market is currently showing bullish momentum with an upward price breakout, supported by increasing volume. Short-term buying momentum is strong, but be cautious of a potential pullback near resistance levels.