CLO MARKET STRUCTURE UPDATE

I'm tracking $CLO closely as volume expands, with a 29.10% gain in the last 24 hours, indicating a potential upside of over 10% to reach the upper end of the range. The current price of $0.09422 is hovering around the resistance zone of ~$0.09403, which shouldn't lead to a significant increase in liquidity pools if the resistance zone is breached. As $CLO breaks out of its support zone of ~$0.07211, it's crucial to assess the order blocks and volume profile to identify potential market structure shifts, with $10.42M in 24-hour volume supporting this momentum, a clean breakout above the resistance zone could drive the price higher, potentially leading to a 12% move to the next significant level ⚡. The mid-range of $0.08313 could act as a strong support level for $CLO, and a bounce from this level could lead to a retest of the resistance zone, with a potential for a 15% move if the resistance is breached 📈. It's essential to monitor $CLO's price action as it approaches the resistance zone, with funding rates and VWAP alignment supporting the bullish sentiment 🟢.

DYOR

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