$CVC gained 6.6% in 24h after a sharp drop, but shows signs of instability amid high market volatility.

Bearish Technicals: Price remains below key EMAs with a negative MACD, signaling the downtrend is intact despite the minor recovery. Whales are heavily short, with average entry at $0.0520, creating high risk of a long squeeze on underwater longs.

Negative Flows: Capital outflows and a market "Fear" index of 27 indicate weak buying support for the current price level.

Technicals Point to Bearish Dominance

Price Action: CVC trades at $0.04308, up 6.6% in 24h but below the EMA7 ($0.04378) and EMA25 ($0.04396), indicating persistent bearish pressure.

Momentum Indicators: A negative MACD (-0.00043) confirms the downtrend, while an oversold RSI (29.1) suggests a minor bounce is possible but unlikely to be sustained.

Capital Flow: The price gain is contradicted by negative capital flows, with a net outflow of -$19k in the last hour, signaling weak buyer conviction.

Whales Double Down on Shorts

Bearish Positioning: Smart money is overwhelmingly bearish, with the Long/Short ratio collapsing to 0.38 after a failed bullish push.#USGDPUpdate #USCryptoStakingTaxReview #cvc