$CVC is in full momentum expansion mode, printing strong consecutive candles with minimal overlap, a textbook impulsive move. Price has pushed into the 0.0530–0.0535 region, where short-term profit-taking is expected, but notably, sellers have not forced a reversal.
The most important defended zone sits at 0.0485–0.0495, the base of the breakout. As long as price holds above this region, the trend remains structurally bullish, and pullbacks are considered corrective rather than distributive.
Immediate resistance is thin above 0.0536, with potential extension toward 0.056–0.058 if momentum remains bid. The lack of heavy upper wicks suggests buyers are still pressing, not exiting.
Trend strength weakens if price slips back below 0.0478, which would signal failed continuation and a shift back into range conditions. Until then, the tape favors continuation, and late sellers risk getting trapped against momentum.
Bias: Strong bullish momentum, trend intact.
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