$CLV Is ready for decline:

Based on the provided chart, here's a deeper analysis to determine if CLV is ready for a decline:

Key Bearish Signals:

1. Overbought Indicators:

RSI (72): An RSI above 70 typically signals overbought conditions, suggesting that the asset may be due for a correction.

Stochastic RSI: Also in the overbought zone, reinforcing the likelihood of a pullback.

2. Price Rejection Near Highs:

The price has hit resistance near the 24-hour high of 0.0795 and is showing signs of slowing momentum with smaller candles.

3. Volume Divergence:

If the upward price movement is accompanied by declining volume, this can indicate weakening bullish momentum, which often precedes a decline.

Support Levels to Watch:

Immediate Support: Around 0.0688 (EMA 7).

Stronger Support: Around 0.0575 (EMA 25) and 0.0634.

Conclusion:

CLV shows signs of being overbought and could be ready for a decline, especially if bullish momentum weakens. However, if buying pressure persists, the decline might be delayed. To confirm a bearish move, watch for:

Price breaking below key EMAs.

Declining volume on upward moves.

Bearish candlestick patterns like a shooting star or engulfing on the 1H or 4H timeframe.

Consider setting stop-loss levels and avoid entering new positions without clear confirmation.