The Carv Price soared 55% in the last 24 hours to trade at $1.138 as of 03:42 a.m. EST on trading volume that skyrocketed 128% to $118.7 million.
Carv Price On A Sustained Bullish Rally
The Carv price has been in a sustained rally in the last five days as the bulls pushed the price through a parabolic curve. According to data from GeckoTerminal , the $0.40 support allowed the bulls to push the price even more.
The bullish momentum is further supported by the RSI trading above the overbought region, currently at 82, and further shows that the asset is currently overvalued.
If the bullish rally continues, CARV could soar even further as the bulls target the next resistance at $1.40.
CARVUSD Chart Analysis Source: GeckoTerminal.com
With the asset now oversold, sellers may see this as a selling signal. If sellers exert more pressure here, the price of Carv could plunge back to the most likely support zone at $0.80.
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