CLV Price Jumps 73% as Analyst Predicts More Upside – Bulls Aim at $0.1 Mark
Highlights:
- Clover Finance increases 73% to $0.07, gaining a spot among top gainers.
- The trading volume has spiked over 1458%, signaling intense market activity.
- Crypto analyst predicts more upside as CLV price breaks out of a descending channel.
The CLV price has gone ballistic, soaring 73% to $0.07 at press time. The spike in CVL price has seen the trading volume surge over 1458% to $216.76 million, gaining a spot among the top gainers.
Top 10 gainers (Jan 22)
1. $TORN – 200%↑
2. $NEW – 165%↑
3. $MAX – 92%↑
4. $STIK – 91%↑
5. $SEND – 89%↑
6. $pippin – 83%↑
7. $AGiXT – 78%↑
8. $VAPOR – 71%↑
9. $BUZZ – 67%↑
10. $CLV – 63%↑ pic.twitter.com/SuAH6Z1LTW— Satoshi Club (@esatoshiclub) January 22, 2025
On the other hand, Moon Whales, a well-known crypto trader, says via X that the CLV price is showing potential bullish momentum as it has broken out of a descending channel. The trader suggests a continuation above $0.071 could see the CVL price testing higher resistance levels, while $0.058 remains critical support. Further, the confidence in the uptrend continuation is based on the volume confirmation.
#CLV has broken out of a descending channel, signaling potential bullish momentum. A continuation above $0.071 could see the price testing higher resistance levels, while $0.058 remains critical support. Watch for volume confirmation. $CLV #CLVUSDT pic.twitter.com/0tgzbEIhWt
— Moon Whales (@Moon_Whales_) January 22, 2025
Clover Finance is a blockchain operating system. It provides a one-stop, easy‑to‑use blockchain infrastructure and an Ethereum Virtual Machine (EVM) compatible framework for Substrate‑based applications.
CLV Statistical Data
Based on CoinmarketCap data:
- CLV price now – $0.0758
- Trading volume (24h) – $216.76 million
- Market cap – $102.28 million
- Total supply – 2 billion
- Circulating supply – 1.22 billion
- CLV ranking – #446
The CLV is showing a steady upward trend, currently maintaining support at $0.059, with a projected target of $0.1 in the short term. The bulls have put their best feet forward, quashing the seller congestion in the market. A flip of the $0.0674 coinciding with the 200-day SMA indicates that the bulls are gearing up for more upward movement.
However, the 50-day MA at $0.0905 acts as the immediate resistance zone, curtailing the bulls from the upward movement. To be safe, the bulls must bring down the technical barrier at $0.0905 to initiate a substantial leg up.
Further, the RSI indicates a surging buying momentum, as it sits at 52.49, above the 50-mean level. Increased buying pressure will see the token surge to the 70-overbought territory. The MACD indicator notably upholds a bullish grip, as it has crossed above the orange signal line. This shows that the buyer momentum still exceeds selling pressure.
CLV Price Set for More Upside
The CLV price is poised for more upward movement as the bulls have the upper hand in the market. If the bulls capitalize on the buy signal from the MACD and the northbound RSI, the CLV price could rally. A flip of the $0.0905 resistance into the support floor could seize the opportunity for the bulls to push the CLV price to the $0.1 mark, 62% gains.
On the downside, if the price were to get rejected from $0.0905, the consolidation would be back toward the strong support at the $0.05 zone, where the token has shown resilience.
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Emmaculate Araka
Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. She is believer in the transformative power of crypto and the blockchain industry, conducting on-chain analysis, breaking down market-triggering events, and helping traders and investors benefit from expert technical price analysis. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. She holds a Bsc. in Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.
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