Crow With Knife Price Prediction: Is CAW the New Rising Star

06-Jul-2024 By: Lokesh Gupta
Crow With Knife Price Prediction: Is CAW the New Rising Star

Hourly chart hints at possible "V" shape recovery ahead

  • $CAW commenced trading in late April, seeing a remarkable 400% surge and reaching a peak of $0.0000001500.

  • From May 1st onwards, the price began a downward trend, hitting a low of $0.00000004175 on May 11th.

  • Since then, CAW's price has fluctuated between approximately $0.00000008000 and $0.00000005400.

  • There was a significant spike close to $0.0000009500, quickly followed by a sharp retreat.

  • Despite the spike, bullish momentum waned, causing the price to retrace towards $0.0000005500.

  • CAW, after enduring seven days of selling pressure, showed a bullish reversal yesterday with the formation of a Long Wick Green candle.

  • This signals a bullish reversal, with the price rising 15% from its low.

  • According to Coingabbar analysis, If the support at $0.00000005500 holds, the price could target levels between $0.00000008000 and $0.00000009500.

  • However, if this support fails, it might trigger panic selling, potentially pushing the price down to $0.00000004200-$0.00000002900.

KEY LEVELS :

RESISTANCE LEVEL : $0.00000007500-$0.00000009500

SUPPORT LEVEL : $0.00000005500-$0.00000003000

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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