$CRV /USDT had a sharp spike up to $0.7315 but quickly gave back some gains, now hovering around $0.7136. While it's still up for the day, the red candle after a strong move signals possible exhaustion from the bulls.
Key Levels:
Support: $0.6970 – this is a critical level. If CRV closes below it, we could see a retest of the $0.67–0.66 zone.
Resistance: $0.7315 – price was rejected here on the last push, making it a tough level for bulls to crack.
Volume: Strong during the pump but now fading, which often hints at a momentum fade or a bull trap.
Bearish Signals:
After a string of green candles, we’ve got our first real rejection — and it’s sitting right at local highs.
Sellers stepped in quickly, suggesting weak conviction from buyers to sustain the breakout.
If we break below $0.697, there’s not much stopping CRV from falling back toward $0.66 or even $0.64.
Outlook:
CRV may have just printed a classic fake-out. Unless bulls can reclaim $0.7315 with volume, the safer play could be waiting for a pullback or shorting bounces if the trend confirms lower highs. Watch closely — things could turn fast.
Conclusion:
Momentum looks shaky. Right now, it feels more like a cool-off or trap than a true breakout. Don't chase green candles. Wait for confirmation or volume to return before jumping in.
Buy and Trade here on $CRV
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