CRWV UPDATE: Bargain Buy or Falling Knife?
After climbing mountains to $140+, CoreWeave (CRWV) has pulled back into a massive support zone around $61.82! Here is what the technical chart is telling us:
MACD: Bearish momentum is flattening after a steep drop, setting up a potential bullish crossover near oversold levels.
RSI: Near 30-35—classic oversold territory.
Key Support: $57.20 - $60.00
Upside Target: $75.00 - $80.00 relief bounce target.
What's driving it? Heavy AI infrastructure CapEx digestion across tech, but cloud GPU demand remains massive long-term.
Are you buying this dip or waiting for confirmation?
$CoreWeave, Inc.(CRWV)$ $E-mini Nasdaq 100 - main 2612(NQmain)$
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