🚀 Technical Analysis: CVC/USDT (Civic/USDT) – 3 Key Targets to Watch 🎯
📊 Current Price: $0.1534 (+12.13%)
CVC has shown strong bullish momentum over the past 24 hours, increasing by over 12%. Let’s break down the technicals and identify 3 key targets to watch:
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Target 1: $0.1543 - 24h High
Why it matters: CVC is approaching its 24-hour high, currently at $0.1543. This level has proven to be a resistance point recently, and if CVC can break through, we could see further upside.
Action: A successful breakout above this level could indicate more buying momentum, pushing the price higher.
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Target 2: $0.1600 - Psychological Resistance
Why it matters: While not a recent high, $0.1600 is a round number that typically acts as a psychological resistance. If CVC maintains its bullish momentum, this level could be the next key target.
Action: Watch for a solid break and close above $0.1600 for confirmation of sustained upward movement.
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Target 3: $0.1298 - 24h Low (Support Level)
Why it matters: The 24-hour low at $0.1298 marks a strong support level. If the market faces any pullback, this price could act as a crucial support zone, potentially forming a buying opportunity.
Action: If CVC approaches this level, watch for signs of reversal or consolidation. A bounce off this support could trigger another leg higher.
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Key Technical Indicators:
SAR (Stop and Reverse): Currently at $0.1433, signaling potential reversal points. If the price drops below this level, we may see a trend shift to bearish.
Volume: 60.23M CVC traded in the last 24 hours, showing strong market participation.
