$CLO is catching serious momentum đ
Price is trading around $0.101 after a massive +46.65% surge in 24h, outperforming a weak broader market. Volume jumped 391% to $26.8M â signaling strong speculative interest.
đ Technical outlook:
âą Key pivot $0.095 has been broken and flipped to support
âą Holding above this level targets a potential move toward $0.12
âą Losing $0.095 could trigger a drop back to $0.08
After losing nearly 90% since January, this marks the first meaningful rebound from a multi-week downtrend.
⥠Whatâs driving the move?
The rally is fueled by the upcoming âClovisâ cross-chain layer aiming to unify lending and liquidity across networks like Sei and Ethereum.
â Risk factors remain:
âą High token concentration (top 10 wallets hold 95%)
âą Upcoming Sei Network upgrade in March may increase volatility
Strong pump, but sustainability depends on structure and fundamentals.
