The CLAMS digital currency was in a major bear market until the end of November, when a surge of buying managed to reverse the persistent selling momentum. Since then, a number of very significant pivot zones have emerged on the charts. The 0.00155 area acted as resistance about three times during the middle of November. This level turned into support after November 29, as the market was unable to stay under this this area for very long.
As price has continued to trade back forth in December, the 0.002 level has proven itself to be major area of interest. This level was used as resistance on the 1st of December, and then three times as support, when price broke through higher on the 4th. Therefore, 0.002 is an established pivot zone now and is most definitely being watched by many market participants.
The ultimate resistance are can be found at 0.0025. This level has prevented price from breaking higher on six occasions now. A break above this monster resistance zone will most likely signal a bull market for CLAMS.
Disclaimer: This is not trading/investment advice!
Chart source: https://poloniex.com/exchange#btc_clam
If you liked this article follow us on twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.
Standard Chartered and Coinbase are pushing their institutional crypto relationship into a new phase. On…
OKX has issued a detailed public statement addressing the events surrounding the MANTRA (OM) market…
Ethereum is preparing a deep structural upgrade. Not to gas fees. Not to throughput. To…
Pyth Network is taking a decisive step toward sustainable value accrual. The oracle network announced…
Tether has made one of the boldest moves yet by a crypto-native company into legacy…
Cloud mining continues to gain massive traction as 2026 inches closer. In tough economic…