Clover Finance confirms bullish divergence on RSI with ascending triangle support, signaling a 270% rebound and more upside ahead.
CLV maintains strong bullish structure above trendline with rising volume and RSI, suggesting sustained momentum toward higher targets.
With a 4,550% rally in play, CLV’s price structure, volume activity, and RSI trend indicate a long-term bullish reversal underway.
As per Javon Marks, Clover Finance (CLV) is flashing strong bullish signals after confirming a regular bullish divergence on its RSI. This key technical indicator suggests a potential 270% rally back into the $0.10 range. Currently trading above $0.02, CLV shows signs of a powerful recovery underway. The setup points to even more significant gains, with a long-term target of $1.33—marking a possible 4,550% upside from current levels.
Breakout Confirms Trend Reversal
CLV's long-term bearish phase started in late 2021 following a peak of over $1.60. The price continued to decline steadily until it reached a low of approximately $0.015 early in 2023. The reversal then occurred mid-2023 when the token emerged from its bearish trend. This followed a clear accumulation zone.
Source: Javon Marks
The breakout was confirmed by a strong surge in volume. Consequently, CLV spiked to a local high above $0.15 before pulling back. Since then, the price has formed higher lows, maintaining a rising support trendline. This structure reveals a classic ascending triangle formation, often seen in bullish reversals.
Technical Indicators Point to Growing Momentum
The RSI played a crucial role throughout this period. It marked oversold conditions during early 2023’s accumulation. Later, it entered overbought zones during the breakout, reflecting renewed buyer strength. A new ascending RSI trendline has since emerged. This suggests growing momentum and sustained interest from buyers.
Moreover, volume analysis supports this trend. Breakout phases showed large volume spikes. Even during recent pullbacks, trading activity remains stronger than before. This indicates consistent participation and bullish conviction across the board.
Bullish Continuation Remains Likely
Currently, CLV continues to consolidate above its long-term trendline. No major breakdown has occurred, reinforcing its bullish structure. Historical resistance zones and volume-based validations are still intact. Hence, the price action remains technically strong.
If the ascending pattern holds, a major price move could be imminent. Besides, the overall market setup supports a long-term base reversal. With selling pressure fading and structure tightening, CLV may be gearing up for a breakout.
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