📊 CRV Trend Analysis
CRV previously fell significantly, but there is strong support around 0.82, and it has recently shown some signs of stabilization. The current trend is a typical "after a big drop, starting to attempt a rebound," but it has not yet truly entered a major market. In the short term, it can be treated as a rebound wave for trading, but don't be overly bullish; the key resistance level is between 0.90–0.92. If it can break through with volume, it may extend towards around 1 dollar.
1. Recent Trend
From the 4H chart, we can see that CRV previously dropped from around 1.05 all the way down to a low of 0.817, indicating a clear downward trend.
Recently, several candlesticks found support near 0.82 and have started to gradually rise; the current price is at 0.865.
2. Moving Average Situation
Short-term moving average is at 0.845, and the current price is above it, indicating short-term rebound signs.
Mid-term moving average is at 0.862, and the price is just around it, serving as a key resistance/support level.
Long-term moving average is at 0.923, which is still relatively far, with significant pressure above.
👉 In simple terms: The short-term moving average has already turned, and the trend shows signs of stabilization, but to truly strengthen, it needs to break through 0.90–0.92.
3. Volume and Momentum
The trading volume in the bottom range is gradually increasing, indicating that someone is starting to accumulate in the 0.82–0.85 range.
The MACD indicator has just produced a golden cross, and the red bars are starting to emerge, suggesting a possible small rebound.
1. Long Position Strategy
Entry: Buy lightly around 0.85–0.86.
Target: First target at 0.90, a stronger target could be 0.92–0.95.
Stop-loss: If it drops back below 0.82, set a stop-loss to avoid deep losses.
2. Short Position Strategy (suitable for high-risk players😅)
If the price rises to around 0.92–0.95 but the volume is insufficient, consider a small position to short.
Target: Retrace to around 0.87–0.85.
Stop-loss: Break above 0.97.
Currently, it is in the early stage of a rebound, suitable for small position testing, not recommended for heavy bets.
If it breaks through 0.92 with volume, you can add to your position to follow the trend; if the volume is insufficient, you can reduce your position on the highs. $CRV is also the kind that rises crazily and falls without support.