$CRV /USDT - Downtrend in Play, Key Support Zone Approaching

Current Price: $0.8910 (-10.33%)

24H High: $1.0130

24H Low: $0.8873

CRV is facing consistent downward pressure, dropping over 10% in the last 24 hours. The price is nearing the critical support zone at $0.8870, which could dictate the next major move.

Key Levels to Watch:

Resistance: $0.9270 (short-term recovery), $0.9730 (major level)

Support: $0.8870 (critical), $0.8500 (psychological level)

Next Moves:

1️⃣ Holding above $0.8870 could spark a short-term recovery toward $0.9270.

2️⃣ A break below $0.8870 may lead to further downside toward $0.8500.

Market Sentiment:

Bearish sentiment dominates as selling pressure persists. However, RSI and volume indicators suggest potential oversold conditions, so watch for a possible bounce.

Strategy:

For Bears: Short positions below $0.8870 targeting $0.8500.

For Bulls: Wait for a breakout above $0.9270 for a reversal.

Stop Loss: Place stops just above $0.9000 to manage risk.

Stay cautious and follow the price action closely for the next move.

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