CLO under bear pressure: are we searching for a new bottom? 📉
Unlike previous rockets, the CLO token is currently experiencing its worst times and showing a noticeable decline of -10.69%.
Current figures directly from the 8-hour chart:
Current price: 0.15385 USDT
Historical maximum on the chart: 0.30231 USDT
Global minimum of the period: 0.11500 USDT
On the large 8-hour timeframe, it is clearly visible that a second local peak formed, after which the price sharply dropped. Currently, the token is breaking through support after support and rolling downward, trying to locate a reversal point.
Do you think CLO will hold above the psychological level of 0.15000, or are we again heading to test the June bottom at 0.11500?
