$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.
Also read: Blast Price Prediction: Will Token Reclaim Its Former Glory?
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
23-03-2025
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