$CLO is catching serious momentum 🚀
Price is trading around $0.101 after a massive +46.65% surge in 24h, outperforming a weak broader market. Volume jumped 391% to $26.8M — signaling strong speculative interest.
📊 Technical outlook:
• Key pivot $0.095 has been broken and flipped to support
• Holding above this level targets a potential move toward $0.12
• Losing $0.095 could trigger a drop back to $0.08
After losing nearly 90% since January, this marks the first meaningful rebound from a multi-week downtrend.
⚡ What’s driving the move?
The rally is fueled by the upcoming “Clovis” cross-chain layer aiming to unify lending and liquidity across networks like Sei and Ethereum.
⚠ Risk factors remain:
• High token concentration (top 10 wallets hold 95%)
• Upcoming Sei Network upgrade in March may increase volatility
Strong pump, but sustainability depends on structure and fundamentals.
#CLO #AltcoinSeason #Crypto