$CVC

CVC/USDT currency analysis from the image:

• Current price: 0.1297

• Change percentage: -10.55% (significant decrease)

• Highest price: 0.1613

• Lowest price: 0.1287

• Trading volume in the last 24 hours: 102.20 million CVC

• Relative Strength Index (RSI): 44.20 (in neutral territory, but leaning slightly towards selling)

• Trading volume: 1.191 million (indicates relatively good activity)

• Price trend: The chart shows a downward trend after a previous rise.

⸻

Technical analysis:

1. Relative Strength Index (RSI):

• Value 44.20 indicates that the currency is still within a balanced range, but is approaching the oversold area (<30).

2. Market trend:

• The decrease of -10.55% over 24 hours may be a negative signal, indicating selling pressure.

3. Support and resistance levels:

• Support: close to 0.1287

• Resistance: around 0.1508

⸻

Can the price rise?

• Forecast:

• If the price can hold above the current support level, there may be a slight rebound.

• If it drops below the support level, the decline may continue.

• Positive indicators:

• An increase in trading volume could support the likelihood of a rebound.