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$CRV testing a sticky zone
Been watching $CRV a bit and it's starting to poke around that 0.24-0.25 region again. It's an area it's struggled to hold on previous pushes, almost like a ceiling. If it can actually close above 0.25 and build some volume there, then we might see a more sustained move, but until then, I'm leaning towards it being another attempt that could falter. The risk for me is if it starts closing consistently above 0.25 on a daily, that invalidates the 'struggle' narrative I've been seeing there. Below 0.23, and it's probably heading back to prior lows.
2 comments · 4 points
Yeah, I've noticed that too. That zone seems to be a real sticking point for CRV. Do you think there's any particular resistance level there, or is it more psychological?