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CVC/USDT Analysis | Is a Drop Coming?
The CVC coin has risen today by +8.39% to reach a level of 0.14670 after touching a peak of 0.15015, but we see that this movement may be temporary and likely to retreat.
Technical points indicating the possibility of a drop:
Clear rejection at 0.15015: The coin could not sustain above this level, indicating strong selling pressure.
Sharp rebound after a drop: The last bullish candle came after a series of drops, and is often a temporary rebound (distribution).
Absence of momentum indicators (RSI / MACD): Provides indecisive signals and increases the likelihood of correction.
Nearby support levels: Most notably 0.129 – 0.121, which may be tested soon.
Expected scenario:
If it fails to hold above 0.146 - 0.150, the price is likely to drop towards:
0.129 as the first target
0.121 as the second target
Note: This is not a buy or sell recommendation, but rather a technical analysis of the current market movement.
