Civic ($CVC /USDT) Daily Chart Analysis ā š„ Strong Breakout With Momentum Building
Current Price: $0.1414 (+14.6%)
Daily Range: High: $0.1456 ā Low: $0.1318
š Key Technical Insights
š¹ Trend & Price Action:
Civic has pushed through the $0.12 resistance zone and is now trading above $0.14.
A confirmed breakout with volume and bullish structure forming ā short-term momentum favors buyers.
Price has decisively flipped above the 20/50-day SMAs after a prolonged downtrend.
š¹ Moving Averages (MA):
ā
Bullish: SMA 5, SMA 10, SMA 20, SMA 50
The alignment of these SMAs confirms a momentum shift in favor of the bulls.
š¹ Momentum Indicators:
RSI: D: 82.67 (Overbought), shows strength but suggests caution for late entries
Stochastic RSI: Bullish crossover ā strong short-term momentum
MACD: Bullish crossover ā confirms trend reversal
ADX: Bullish crossover ā indicates rising trend strength
MFI: Overbought ā buyers are in control, but short-term cool-off possible
VWAP: Trending up, price is holding well above VWAP line
š Key Support & Resistance Levels:
Resistance: $0.1450, $0.1550, $0.1650
Support: $0.1250, $0.1150, $0.1050
ā ļø Outlook & Strategy:
ā Bullish Scenario: A breakout and hold above $0.1450 opens the door for a run toward $0.16+.
ā ļø Pullback Risk: RSI and MFI are in overbought territory. If volume fades, a retest of $0.1250 is likely before further upside.
š¢ Conclusion:
Civic is showing clear bullish structure, with all major indicators supporting further upside. While overbought signals suggest a potential short-term consolidation, dips into the $0.12ā$0.125 zone could offer re-entry opportunities.
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