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
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