The recovery could start from here !!!
$CLO is still sitting near the bottom, but buyers are slowly starting to come in. If this buying continues and volume starts increasing, we could see a good move toward the upside.
What makes $CLO interesting is the room it has to recover if a strong bullish rally begins. I’m keeping an eye on four important resistance levels on the chart:
$0.15 — First resistance
$0.25 — Next level to watch
$0.57 — A bigger resistance area
$1.00 — Around its previous all-time high
Of course, $CLO will need strong buying volume to push through these levels, and it may take time. But if buyers become more active and the market stays bullish, this coin could deliver a much bigger recovery than we’re seeing right now.
$CLO is still sitting near the bottom, but buyers are slowly starting to come in. If this buying continues and volume starts increasing, we could see a good move toward the upside.
What makes $CLO interesting is the room it has to recover if a strong bullish rally begins. I’m keeping an eye on four important resistance levels on the chart:
$0.15 — First resistance
$0.25 — Next level to watch
$0.57 — A bigger resistance area
$1.00 — Around its previous all-time high
Of course, $CLO will need strong buying volume to push through these levels, and it may take time. But if buyers become more active and the market stays bullish, this coin could deliver a much bigger recovery than we’re seeing right now.
