CREO forms a bullish divergence on the MACD while testing long-term support, signaling a possible breakout from its downtrend.
After peaking at $0.180000 in early 2024, CREO now trades near $0.010000 with indicators suggesting a major trend reversal ahead.
Despite sustained bearish pressure and lower highs, CREO shows renewed momentum that may drive a 500% recovery to the $0.063 level.
CREO (Creo Engine) is flashing strong bullish signals, with its MACD showing a confirmed bullish divergence. This key technical indicator hints at a major price recovery, potentially pushing the token up by 500%. Currently priced near $0.010000, CREO appears poised to revisit previous highs around $0.063. This comes at a critical time as traders closely watch whether the token breaks its long-standing downtrend. Price action near support zones is intensifying, and the market is reacting to potential momentum buildup.
Historical Volatility Shaped CREA’s Price Journey
CREO started trading below $0.001000 in early 2023 with very low volume. The token hovered around baseline levels for most of the year. Besides, limited trading activity suggested weak institutional participation during this early phase.
Source: Javon Marks
Late 2023 brought a sharp shift. CREO broke above resistance and surged toward $0.020000. This rally marked the first price expansion. Consequently, early 2024 saw explosive growth. CREO pushed past $0.100000 and later touched a peak near $0.180000.
However, selling pressure soon caught up. A descending trendline emerged, connecting major peaks and capping further upward movement. This resistance became dominant throughout 2024, rejecting several rally attempts.
Momentum Signals Accumulation or Breakdown
Throughout mid-2024, CREO oscillated between $0.040000 and $0.080000. Volatility spiked, and volume surged during these wide-ranging moves. Moreover, every test of the descending trendline led to renewed selling. The chart showed consistent failure to breach that resistance.
By late 2024, prices dropped again, revisiting support near $0.010000. CREO held above absolute lows but stayed well below peak levels. Momentum indicators now signal potential trend reversal zones. The oscillator shows oversold conditions aligning with past reversal points.
Additionally, the market structure reflects a transition. CREO moved from high momentum gains to a clear consolidation and decline. Lower highs continue forming, confirming bearish pressure. However, with current bullish divergence, this could shift quickly.
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CREO Signals Massive Rebound as Bullish Divergence Builds Momentum
CREO forms a bullish divergence on the MACD while testing long-term support, signaling a possible breakout from its downtrend.
After peaking at $0.180000 in early 2024, CREO now trades near $0.010000 with indicators suggesting a major trend reversal ahead.
Despite sustained bearish pressure and lower highs, CREO shows renewed momentum that may drive a 500% recovery to the $0.063 level.
CREO (Creo Engine) is flashing strong bullish signals, with its MACD showing a confirmed bullish divergence. This key technical indicator hints at a major price recovery, potentially pushing the token up by 500%. Currently priced near $0.010000, CREO appears poised to revisit previous highs around $0.063. This comes at a critical time as traders closely watch whether the token breaks its long-standing downtrend. Price action near support zones is intensifying, and the market is reacting to potential momentum buildup.
Historical Volatility Shaped CREA’s Price Journey
CREO started trading below $0.001000 in early 2023 with very low volume. The token hovered around baseline levels for most of the year. Besides, limited trading activity suggested weak institutional participation during this early phase.
Source: Javon Marks
Late 2023 brought a sharp shift. CREO broke above resistance and surged toward $0.020000. This rally marked the first price expansion. Consequently, early 2024 saw explosive growth. CREO pushed past $0.100000 and later touched a peak near $0.180000.
However, selling pressure soon caught up. A descending trendline emerged, connecting major peaks and capping further upward movement. This resistance became dominant throughout 2024, rejecting several rally attempts.
Momentum Signals Accumulation or Breakdown
Throughout mid-2024, CREO oscillated between $0.040000 and $0.080000. Volatility spiked, and volume surged during these wide-ranging moves. Moreover, every test of the descending trendline led to renewed selling. The chart showed consistent failure to breach that resistance.
By late 2024, prices dropped again, revisiting support near $0.010000. CREO held above absolute lows but stayed well below peak levels. Momentum indicators now signal potential trend reversal zones. The oscillator shows oversold conditions aligning with past reversal points.
Additionally, the market structure reflects a transition. CREO moved from high momentum gains to a clear consolidation and decline. Lower highs continue forming, confirming bearish pressure. However, with current bullish divergence, this could shift quickly.
The post CREO Signals Massive Rebound as Bullish Divergence Builds Momentum appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.