đ Technical Analysis for CLV/USDT: Three Key Targets to Watch đŻ
đ Overview: CLV/USDT has been showing strong bullish momentum with a 44.61% price increase in the last 24 hours, currently sitting at 0.10814 USDT. With an impressive 812.99M CLV traded in the past day, the market is buzzing with activity. Letâs dive into the key technical levels and set three targets to monitor.
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đ Key Levels & Target Analysis
1. Target 1: $0.11300 (Recent 24h High)
Resistance Level: The price is approaching the recent 24h high at 0.11300. This level has been a strong resistance zone, and if CLV can break above it with strong volume, it could trigger further bullish momentum.
Action: Monitor for a breakout above this level. A close above 0.11300 could indicate a continuation of the uptrend.
2. Target 2: $0.11529 (Immediate Resistance)
Next Resistance: After breaking the 24h high, the next key resistance to watch is at 0.11529. This level has been identified as a potential barrier for further upward movement.
Action: Look for consolidation or a pullback around this level, as it may be a strong zone for sellers to enter.
3. Target 3: $0.07856 (SAR Level for Pullback)
Stop and Reverse Level: For those considering short positions, the SAR (Stop and Reverse) at 0.07856 could act as a support level for any potential downside. If CLV retraces, this could be an area to watch for a bounce or reversal.
Action: Watch for price action near this level for potential long entries if a retracement occurs.