In the last 24 hours, CARV’s price shot up by 55%, trading at $1.138 as of 3:42 a.m. EST. Trading volume exploded by 128%, hitting $118.7 million, drawing the attention of traders wondering if this momentum will continue—or if it’s time to sell. 

Key Takeaways  

1. CARV is on a five-day rally: The bulls gained momentum from the $0.40 support, pushing the price higher along a parabolic curve.
2. RSI suggests CARV might be overbought: At 82, the RSI indicates strong momentum but warns of a possible cooldown.
3. Key levels to watch: $1.40 and $0.80: If buyers stay in control, CARV could break past $1.40. But if sellers take profits, $0.80 could act as solid support.  

CARV’s Price Keeps Climbing  

CARV has been on a steady rally for the past five days, with buyers pushing the price higher along a sharp curve. According to GeckoTerminal data, $0.40 acted as solid support, helping the bulls take control and drive the price up.  

Market Signals: Uptrend or Pullback?  

The RSI (Relative Strength Index) shows CARV is sitting in the overbought zone at 82, hinting that the coin might be overvalued for now. While this momentum suggests more gains could be on the horizon, some investors are watching for a pullback.  

If buyers keep the pressure on, CARV could aim for the next resistance at $1.40. On the flip side, if sellers jump in to take profits, the price might drop back to $0.80, where solid support awaits.  

Read More: What is CARV Token: Tokenomics and Everything You Need to Know

Should You Buy CARV or Wait It Out?

There’s no doubt CARV is hot right now, but with the RSI flashing overbought signals, there’s a chance the price could cool down. If bulls keep pushing, CARV could break new levels, making it an exciting buy for some. But if sellers step in, a pullback to lower support zones might be on the cards.  

FAQ

Q1: Is CARV a good buy right now?

A1: It depends on how long the bullish trend lasts. If the rally continues, it could push past $1.40, but caution is advised as RSI signals overbought conditions.

Q2: What happens if CARV’s price drops?

A2: If sellers step in, CARV might pull back to $0.80, where there is strong support.

Q3: How high could CARV go?

A3: If momentum stays strong, CARV could aim for the next resistance at $1.40 or even higher.

Conclusion

While CARV’s 55% spike is impressive, watching for resistance at $1.40 or a fallback to $0.80 could give better clarity on the next steps. Don’t miss out—buy CARV now on Bitrue and ride the momentum! Whether CARV will keep climbing or take a breather—this might just be the next crypto to explode.  

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