The newly launched Clovis (CLO) token from Yei Finance has corrected sharply after rallying more than 400% in its first few sessions. The cooldown appears to be profit-booking rather than panic selling, with short-term charts showing fading downside pressure.
On the 15-minute chart, early signs of stabilization are visible. The Chaikin Money Flow (CMF), which tracks money movement from large wallets, has slipped — indicating mild outflows but steadying momentum. The Wyckoff Volume bars have begun shrinking, hinting that sellers are losing control, while a hidden bullish RSI divergence suggests weakening downward pressure.
On the 1-hour chart, CLO continues to trade inside a rising channel. The structure holds as long as $0.64 is reclaimed. A drop below this level could trigger deeper declines toward $0.54 or even $0.40, extending the pullback toward 55%.
However, if $0.97 breaks — the 0.618 Fibonacci retracement and current breakout trigger — the token could quickly target $1.06, $1.50, and $2.03, implying gains of up to 200% from current prices.
The setup remains volatile but constructive. As long as CLO defends or reclaims $0.64, the post-launch rally may not be over yet.
On the 15-minute chart, early signs of stabilization are visible. The Chaikin Money Flow (CMF), which tracks money movement from large wallets, has slipped — indicating mild outflows but steadying momentum. The Wyckoff Volume bars have begun shrinking, hinting that sellers are losing control, while a hidden bullish RSI divergence suggests weakening downward pressure.
On the 1-hour chart, CLO continues to trade inside a rising channel. The structure holds as long as $0.64 is reclaimed. A drop below this level could trigger deeper declines toward $0.54 or even $0.40, extending the pullback toward 55%.
However, if $0.97 breaks — the 0.618 Fibonacci retracement and current breakout trigger — the token could quickly target $1.06, $1.50, and $2.03, implying gains of up to 200% from current prices.
The setup remains volatile but constructive. As long as CLO defends or reclaims $0.64, the post-launch rally may not be over yet.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Leader in crypto news, award winning journalism in 26 languages.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.