$CLO


CLOUSDT
Perp
0.21069
-3.48%
CLO respected the highlighted resistance zone exactly as expected. Price reached the 0.30 area, where sellers stepped in and prevented further upside momentum.
Following the reaction from this resistance level, the market showed clear weakness and continued moving lower. The price has now dropped to around 0.20, approaching the previously marked support zone.
The selling pressure from the resistance area once again confirmed the importance of this level, leading to a significant decline in price. CLO is now trading near support, where the next major market reaction could take place.
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