$CLV Is ready to decline:
Based on the chart and technical indicators:
Signs of Possible Decline:
1. Resistance Around $0.138: The price seems to struggle around this level, suggesting sellers are active.
2. Stochastic RSI: It's near oversold territory but hasn't yet shown a strong reversal, meaning there could still be some selling pressure before a bounce.
3. Volume: If buying volume decreases significantly, the bullish momentum could weaken, leading to a decline.
Key Levels to Watch:
Immediate Support: $0.125 (EMA 7). If this breaks, a decline to $0.10 (EMA 25) is likely.
Critical Resistance: $0.138. If the price fails to break and sustain above this level, further consolidation or a decline could occur.
Probability of Decline:
If the price breaks below $0.125 with increasing selling pressure, it may confirm a short-term downtrend.
However, if the price holds above this level and buyers step in, it might recover.
Recommendation:
Monitor closely for a breakdown below $0.125.
Use stop-loss if you're holding a long position to minimize risks.
