/USDT Technical Analysis đŻ
Current Price: $0.1924
CVC is showing notable movement after a recent 19.19% dip, and traders are watching key levels for potential breakout or retracement.
Target Levels:
1. Target 1 - $0.2120
This level aligns with recent support turned resistance, signaling an initial upside potential. A breakout above this could show signs of recovery momentum.
2. Target 2 - $0.2350
Mid-range target that correlates with the 24-hour high of $0.2535. If buying pressure increases, this level could see another test, offering a 20% potential gain from the current price.
3. Target 3 - $0.2600
A stretch target that matches previous resistance. Hitting this level would indicate strong buying momentum and an optimistic trend for the asset.
Moving Averages to Watch:
MA(7): $0.2025 - Short-term pressure
MA(25): $0.1792 - Mid-term support
MA(99): $0.1397 - Long-term foundation
Market Snapshot:
Volume remains high with $78.29M traded over the last 24 hours. As CVC approaches these target levels, traders should keep an eye on volume changes and short-term support for signs of strength!
