【Decline】
CVC is currently priced at 0.0276, down 7.39% over the past 24 hours. It is still up 24.93% over the past 7 days. Intraday range: 0.0268–0.0304, with a volatility of 13.5%.
【Market View】
During the day, CVC moved steadily lower within 0.0268–0.0304, and the rebound was clearly lackluster in volume.
The support at 0.0268 has not been tested with real buying/selling yet, so confidence is insufficient.
Meanwhile, the broader market was down 1.30%, yet CVC fell 7.39%, underperforming the average market level.
In the short term, it is more bearish.
【Reasons for the Bearish View】
The selling pressure near 0.0304 has not been fully digested; each rebound’s strength is weaker than the last.
The rebound is on shrinking volume, while the decline is on increasing volume—under this structure, every rebound is likely to be sold back down.
If there is a sudden increase in volume near 0.0268, it would indicate capital starting to bargain-hunt at the lows; at that point, don’t overstay the position.
For now, watch whether 0.0268 can hold—if it breaks, don’t rush to catch a falling knife.
$CVC #CVC
CVC is currently priced at 0.0276, down 7.39% over the past 24 hours. It is still up 24.93% over the past 7 days. Intraday range: 0.0268–0.0304, with a volatility of 13.5%.
【Market View】
During the day, CVC moved steadily lower within 0.0268–0.0304, and the rebound was clearly lackluster in volume.
The support at 0.0268 has not been tested with real buying/selling yet, so confidence is insufficient.
Meanwhile, the broader market was down 1.30%, yet CVC fell 7.39%, underperforming the average market level.
In the short term, it is more bearish.
【Reasons for the Bearish View】
The selling pressure near 0.0304 has not been fully digested; each rebound’s strength is weaker than the last.
The rebound is on shrinking volume, while the decline is on increasing volume—under this structure, every rebound is likely to be sold back down.
If there is a sudden increase in volume near 0.0268, it would indicate capital starting to bargain-hunt at the lows; at that point, don’t overstay the position.
For now, watch whether 0.0268 can hold—if it breaks, don’t rush to catch a falling knife.
$CVC #CVC
