The CVC asset is showing bearish weaknessThe CVC cryptocurrency is currently exhibiting bearish behavior, which suggests that it may continue to decline. In the last month, it has performed poorly, with a decrease of 33.80%, indicating that it is heading downwards steadily.
The CVC digital asset is displaying a bearish trend as it falls below the key trend lines of the 20-day and 50-day EMA bands. If sellers continue to dominate the market, it could deteriorate further.
The CVC asset is showing bearish weakness, with the MACD below the zero line and the RSI below the median line of 50 at 48.37. This indicates that the Civic asset is still in negative territory and could decline further.
As of the time of writing, the CMP is at $0.1720, with a daily increase of 7.21%, but the daily chart is still dominated by a bearish trendline. Therefore, the price is currently close to the critical support level of $0.1450, and if it fails to sustain and drops further, the price could fall even lower.
However, if the price rises from its current level due to increased buyer interest, it could reach the target levels of $0.2000 and $0.2500 once again.
