$CLO is showing strong bullish momentum on the hourly timeframe, surging over 31% to trade around the 0.21028 level. The price action successfully cleared past the recent swing low of 0.117685 and sustained a strong upward expansion, supported by a green Supertrend indicator indicating a solid trend reversal. After hitting a local peak at 0.218021, the asset has experienced a minor pullback and is now consolidating nicely near the highs, absorbing selling pressure before its next potential leg upward.
Target 1: 0.2230
Target 2: 0.2450
Target 3: 0.2680