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CLO / TetherUS PERPETUAL CONTRACTCLO / TetherUS PERPETUAL CONTRACTCLO / TetherUS PERPETUAL CONTRACT

CLO / TetherUS PERPETUAL CONTRACT

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CLO Price Faces 40% Pullback Risk; Yet $0.64 Holds The KeyThe 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.
KUCOIN:CLOUSDTLong
by BeInCrypto