CRVUSDT: Breaking the Rising Channel with Bullish Momentum.

💎Recently, #CRVUSDT surpassed the boundaries of its ascending channel, signaling a positive price action. This development has resulted in a change of the mid-term trend from bearish to bullish, increasing the chances of another upward wave.

💎We observe how the previous supply zone has transformed into a demand area, and the current pullback presents a compelling risk/reward opportunity for potential buyers. However, it is important for #CRV to hold its position above this demand area to validate the bullish scenario. Only then, we can anticipate at least one more wave to the upside, with the price targeting a significant resistance area around $0.86.

💎Conversely, if the price breaks below the current support level, it may lead to a continuation of the pullback, potentially reaching the uptrend trendline or the Volume Profile support at $0.67. Regardless, the current probability favors a continuation of the uptrend, and the MCP team is actively preparing to seize potential opportunities.