@$CLO has recently experienced a sharp decline. The underlying reason is still the low circulation rate—only 12.91%. What does a low circulation rate mean? As tokens are gradually unlocked, investors are afraid of being caught off guard and tend to exit early to avoid risks. Panic spreads quickly, leading to a buildup of sell orders.
The technical analysis also shows bearish signals. The MACD histogram has been negative, and the KDJ indicator has already formed a death cross, indicating no clear rebound signals. Trading volume is increasing, but the price is falling—this is a typical scenario where selling pressure dominates.
The previous rally was quite good, and early investors have already taken profits. The problem is that $CLO doesn't have any particularly outstanding advantages in the DeFi space, and new funds are not flowing in. Coupled with the recent weakness of the broader market—such a combination makes it difficult to stop the decline.
In the short term, we need to continue observing the overall market trend and wait for a more suitable entry point. Keep an eye on other assets: FOLKS, SOL, ETH, BTC, AIOT, ICNT, LUNA2, PTB, ARC, to see who can stabilize first during this round of adjustment.
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GateUser-5854de8b
· 18h ago
CLO this wave is indeed hopeless, low circulation rate is essentially a ticking time bomb
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12.91% circulation rate? I was wondering why it was crashing so hard, I should have followed the trend and sold early
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Technical death cross and still hoping for a rebound? Dream on
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Let's see if SOL can hold up, forget about CLO this trash
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Volume up, price down, clearly a sign of dumping, no doubt
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With so many DeFi projects, choosing one with no competitiveness is just asking for trouble
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When the unlocking wave hits, everyone will just run away, how can this situation possibly stop
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Early investors have already run, these new bagholders are quite pitiful
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Betting on you, CLO will definitely die in this round of correction, surviving is like a stroke of luck
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When will we find the next promising target?
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KDJ death cross and MACD turning red are useless, selling pressure is too fierce, brother
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BackrowObserver
· 18h ago
Wow, CLO's 12.91% circulation rate is indeed a ticking time bomb. No wonder it's dropping so hard.
View OriginalReply0
SelfRugger
· 19h ago
CLO this time is truly hopeless; low circulation rate is just a ticking time bomb.
@$CLO has recently experienced a sharp decline. The underlying reason is still the low circulation rate—only 12.91%. What does a low circulation rate mean? As tokens are gradually unlocked, investors are afraid of being caught off guard and tend to exit early to avoid risks. Panic spreads quickly, leading to a buildup of sell orders.
The technical analysis also shows bearish signals. The MACD histogram has been negative, and the KDJ indicator has already formed a death cross, indicating no clear rebound signals. Trading volume is increasing, but the price is falling—this is a typical scenario where selling pressure dominates.
The previous rally was quite good, and early investors have already taken profits. The problem is that $CLO doesn't have any particularly outstanding advantages in the DeFi space, and new funds are not flowing in. Coupled with the recent weakness of the broader market—such a combination makes it difficult to stop the decline.
In the short term, we need to continue observing the overall market trend and wait for a more suitable entry point. Keep an eye on other assets: FOLKS, SOL, ETH, BTC, AIOT, ICNT, LUNA2, PTB, ARC, to see who can stabilize first during this round of adjustment.