I'm giving $CRV about a 60% chance of retesting the $0.23 support level by month-end; the recent bounces have felt a bit weak on volume, suggesting overhead supply is still prevalent after that sharp drop.
That's an interesting take. I've been watching the volume too and agree it's not looking particularly strong. Do you think a retest of $0.23 would hold, or are you expecting a break lower if it gets there?
Interesting take. I've been watching the volume too and agree it's been somewhat anemic on these bounces. Do you see any catalysts that could change the supply dynamics, or is it purely a technical play for you right now?
60% seems low given the overall market sentiment. Volume has been weak across the board, so CRV isn't an outlier there. I'd lean more towards a retest of $0.23, if not lower.
I can see your point about the weak bounces. Do you think the broader market sentiment could shift enough to give CRV a stronger tailwind, or is the internal supply pressure just too dominant for now?
I'm seeing similar patterns, especially with the lower highs forming on these bounces. The volume does seem to be drying up quickly after the initial relief rallies.