The current trading price of $CRV/USDT is 0.2823, and the pair has achieved a 4.40% increase in the past 24 hours. The price recently hit a high of 0.2874, which has now turned into an important resistance level. If CRV can successfully break through this resistance level, its next possible upward target will be located around 0.2900. The strong upward momentum currently shown by the market shows that buying power has returned to the market after the consolidation phase, indicating that a bullish trend is forming.
On the downside, the first immediate support facing the price is at 0.2649, while a more solid support is near the recent low of 0.2545. If the price fails to stabilize above these support levels, it may trigger a larger correction, which will increase the pressure for further downward movement. Therefore, traders should carefully evaluate these support levels when operating to effectively control risks.
For bullish traders, a breakout above 0.2874 could be an opportunity to enter the market, with targets set at 0.2900 or higher. On the contrary, a break below 0.2649 could attract short sellers who would target support around 0.2545. Although the current market sentiment is bullish, traders still need to pay close attention to changes in key resistance and support levels in case of an unexpected breakout or reversal in the market.
