CVC/USDT Technical Analysis & Trade Signal:
Current Price: $0.2150 (+23.00% in 24h)
24h High: $0.2400
24h Low: $0.1696
Volume: CVC 209.08M | USDT 42.86M
Technical Analysis:
Trend: Bullish momentum with a 23% increase in the last 24 hours.
Key Levels:
Support: $0.1696 (24h Low)
Resistance: $0.2400 (24h High)
SAR (Stop and Reverse):
Short-term (15min): $0.2081
Mid-term (4h): $0.2431
Momentum: Positive, as price is moving upwards with solid volume backing the rally.
Trade Signal:
Buy Signal: Current price ($0.2150) shows potential to continue upward movement.
Target 1: $0.2300 (Near-term resistance, achievable within a short timeframe)
Target 2: $0.2400 (24h High, key resistance level)
Target 3: $0.2500 (Possible extension if momentum persists)
Momentum:
Strength: The price has gained a strong +23% in the last 24 hours, signaling robust bullish momentum. The SAR level supports the continuation of the uptrend.
Risk Management: Keep an eye on the 15-minute support level at $0.2081 for potential pullbacks. If the price dips below this level, consider reevaluating the trade.
Summary:
Overall Sentiment: Bullish
Potential Trade Action: Buy at current levels ($0.215), with a focus on three target levels: $0.2300, $0.2400, and $0.2500. Monitor for any trend reversals or support breaks.
#CPI4MonthsHigh #MarketMajorComeback #USUALSpotLaunch
