$CRV

CRV Strong rebound, can it break through the $1 barrier later?

Market Analysis

CRV is currently at $0.9796, up 6.43% in the last 24 hours. The daily chart shows that the price has broken through the MA7 moving average ($0.9107) and is approaching the MA25 moving average ($1.0347). The MACD indicator shows that bearish momentum is weakening, and trading volume has increased compared to previous periods, with short-term bullish sentiment gradually strengthening.

Key Levels

• Support Levels: $0.9400, $0.9000

• Resistance Levels: $1.0000, $1.0200

Trading Strategy

1. Long Position Strategy:

If the price retraces to $0.9500 and stabilizes, you can enter a long position with a small amount, targeting $1.0000, with a stop loss at $0.9400.

2. Short Position Strategy:

If it rebounds to $1.0200 and faces resistance, you can attempt a short position with a small amount, targeting $0.9700, with a stop loss at $1.0350.

Market Outlook

CRV shows strong short-term performance. If it can break through and stabilize at the $1.0000 level, it is expected to test higher resistance levels. It is recommended to closely monitor changes in trading volume and the gains and losses of key levels; in the short term, it may primarily show a range-bound upward trend.

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