$CRV /USDT

Analyzing the 4-hour chart, we can observe a crucial price action near significant moving averages (MAs) which may influence the market's next move. The price currently stands at 0.3512, with the MA(7) at 0.3441, MA(25) at 0.3296, and MA(99) at 0.3631. The proximity of these MAs suggests a tightly contested area, providing potential support and resistance levels.

The recent high of 0.3670 represents a significant resistance level. The price attempted to break above but was met with selling pressure, evidenced by the long upper wick. If the price can close above this level with strong volume, it could signal a bullish breakout. Conversely, failing to breach this resistance may lead to a pullback towards the MA(25) at 0.3296 or even lower, towards the recent low of 0.2659.

Volume analysis shows a mixed pattern, with intermittent spikes indicating periods of increased trading activity. The volume must support any breakout above 0.3670 to confirm the move's strength.

In summary, traders should watch the 0.3670 resistance level closely. A break and close above it, supported by high volume, could lead to a bullish continuation. Meanwhile, the MAs around the current price level provide support zones that might come into play if a retracement occurs.

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