The CLAMS digital currency has been slowly grinding lower since the middle of December of 2015, but price has been respecting some price level with great frequency. For instance, the 0.0032 area acted three times as support and also twice as resistance. The 0.0032 is definitely a major pivot zone and will most likely act as resistance in the future as price is currently trading around 0.002.
The 0.0027 area is another major pivot that should be marked on every trader’s chart. This level has acted as resistance about four times since the start of December. This level will be a major obstacle to any rallies!
The market is now essentially stuck in a trading channel between 0.0027 and 0.002. The 0.002 level forms the bottom of this trading range. This level has supported price since the start of January on four occasions. A break of either of these levels will be a significant development from a technical perspective and will determine the trend.
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.
Shockwaves moved through the Solana ecosystem after DeFi dashboard and portfolio platform Step Finance confirmed…
Tether has released its Q4 2025 quarterly attestation, and the numbers confirm what much of…
Lighter is officially stepping beyond its roots as a high-performance perpetual DEX with the launch…
Ethereum co-founder Vitalik Buterin is once again channeling personal capital into the long-term foundations of…
Lido Finance has officially activated Lido V3 on the Ethereum mainnet, introducing a powerful new…
Bitcoin tumbled to around $83,500, marking its lowest level in over a month and triggering…