CRV/USDT Overview๐ค๐ต๐ฅ
Current Price: $0.5916, showing a +13.94% increase in the last 24 hours.
24h High: $0.6317
24h Low: $0.5165
24h Volume:๐ฅ
CRV: 135.44 million
USDT: 77.61 million
Moving Averages (MA):๐ต
MA(7): $0.5935
MA(25): $0.5561
MA(99): $0.5091
Support and Resistance:๐ค
Support: $0.5165 (24h low)
Resistance: $0.6317 (24h high)
Analysis:๐ฏ
CRV/USDT has seen strong gains of nearly 14% in the past 24 hours, indicating significant interest in the DeFi sector. The price has broken above its 7-day and 25-day moving averages, suggesting short-term bullish momentum. The trading volume also supports this positive trend.
Trading Strategy:๐ธ
1. Entry Point: Consider buying near $0.5900 to capitalize on the bullish trend.
2. Target: Look for resistance around $0.6300 and beyond if the trend continues upward.
3. Stop-Loss: Set a stop-loss below $0.5600 to manage downside risk.
Conclusion:๐
CRV is experiencing a strong rally, likely due to renewed interest in DeFi projects. Traders should be mindful of resistance at $0.6317, and watch for any retracements around the 25-day MA level of $0.5561.
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