$CVC /USDT Analysis: Technical Breakdown & Targets
Current Price: $0.1665 (-4.42% on the 30m chart)
Technical Analysis:
$CVC /USDT is trading near support at $0.1630 (24h low), indicating a possible reversal zone.
Resistance is observed at $0.1776 (24h high), serving as a critical breakout level.
The chart shows range-bound movement with consolidation, suggesting a potential breakout scenario.
3 Targets for CVC/USDT:
1. Target 1 (T1): $0.1700
Immediate resistance level and a key short-term target.
A move above this indicates momentum recovery.
2. Target 2 (T2): $0.1750
Resistance just below the 24h high.
Breaching this confirms bullish continuation.
3. Target 3 (T3): $0.1800
Extended target based on Fibonacci extensions and market recovery potential.
Actionable Advice:
Short-Term Traders: Monitor for a breakout above $0.1700 and secure partial profits at $0.1750.
Long-Term Traders: Look for a sustained move beyond $0.1750 to aim for $0.1800.
Stop Loss: Place below $0.1630 to minimize downside risk.
