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Summary
• Price tested key resistance at 0.0480 and reversed lower, suggesting bearish bias.
• RSI shows oversold conditions below 30, hinting at possible short-term bounce.
• Bollinger Bands constricted before a sharp break lower, indicating increased volatility.
• Volume spiked during the 0.0480–0.0473 drop, supporting bearish momentum.
Market Overview
Civic/Tether (CVCUSDT) opened at 0.04748 at 12:00 ET–1, hit a high of 0.04804, a low of 0.04645, and closed at 0.04675 by 12:00 ET. The pair saw total volume of 1,809,362.0 and notional turnover of $89,514.25 over the past 24 hours.
Structure & Formations
The price formed a bearish engulfing pattern on the 5-minute chart around 0.0480, followed by a breakdown below key support at 0.0476. A doji appeared near 0.0472, signaling potential indecision.

Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages crossed bearishly, reinforcing a downtrend. The 200-period MA on the daily chart sits significantly above the current price, suggesting bearish bias over the longer term.
MACD & RSI
MACD lines showed bearish divergence with price during the 0.0480–0.0473 leg down. RSI fell below 30 and lingered in oversold territory, hinting at potential near-term buying interest. However, RSI remains below its 50 level, indicating sustained bearish momentum.
Bollinger Bands
Price action tightened within a narrow Bollinger Band range for several hours before breaking out sharply to the downside. Currently, price sits below the 20-period lower band, indicating high volatility and bearish pressure.
Volume & Turnover
Volume spiked during the breakdown from 0.0480 to 0.0473, confirming bearish conviction. Notional turnover also rose sharply during this move, with no divergence seen between volume and price.
CVCUSDT appears poised to test key support at 0.04645–0.04635, with a potential bounce expected if RSI continues to recover from oversold levels. Traders should remain cautious of further downside with a possible short-covering rally.
Descifrar patrones de mercado y desarrollar estrategias de trading rentables en el sector de las criptomonedas.

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