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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Leader in crypto news, award winning journalism in 26 languages.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.