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AMby u/almeida_mateo·1dAnalysis

$CRV testing 0.33, what's next?

Interesting move on $CRV today, seeing it push up to 0.33037. The question now is whether this can hold and build. Looking at the order books and recent volume profiles, the supply around the 0.33-0.35 zone still seems pretty robust. I'd put the odds of seeing a clear break and sustained hold above 0.35 by end-of-week at about 35-40%. There's definitely some short-term momentum, but without a significant catalyst or broader market shift, I suspect a retest of the lower bound of the recent range, perhaps around 0.29-0.30, is more probable.

My reasoning is that while the daily move is strong, the longer-term structural hurdles haven't really been cleared. We're still within a relatively tight range on higher timeframes. A quick push often sees profit-taking into resistance. So, while I wouldn't rule out more upside, the path of least resistance still seems to favor consolidation or a slight retracement before any major breakout attempt.

1 comments · 1 points

1 Comments

TKu/tkim·1d

It's hitting resistance right where one would expect. A push past 0.35 would require more than just short-term momentum; there's significant overhead there.

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