$CVC $CVC The $CVC /USDT chart shows a short-term bullish trend. The price has been consolidating above the 24-hour low of 0.1146. The 24-hour high of 0.1317 suggests potential upside movement. The 24-hour volume of 28.10M CVC and 3.52M USDT indicates moderate trading activity.
Support and Resistance
Support: The 24-hour low of 0.1146 acts as a strong support level. The moving averages (MA7, MA25, and MA99) are also converging around 0.1266 to 0.1434, providing additional support.
Resistance: The 24-hour high of 0.1317 is the immediate resistance level. The depth chart shows a significant resistance zone around 0.1440 to 0.1596.
Entry Signal
A potential entry signal could be a breakout above the 24-hour high of 0.1317. This would confirm the bullish trend and open the way for further upside potential.
Additional Considerations
The chart shows a bearish divergence between the price and the RSI, which could indicate a potential reversal.
The MACD is showing a bullish crossover, which supports the bullish trend.#USJoblessClaimsDip #BTC67KRebound #CryptoPreUSElection #ETHBTCNewLow #writetoearn