Civic coin still doesn’t feel like going up and continues to produce lower lows and lower highs. This does indicate the presence of a downtrend which has a tendency to continue.
The resistance at $0.37 has been rejected multiple times as well as the downtrend trendline. CVC/USD trading below the 200 Moving Average and within the descending channel.
The downside target could be 161.8% Fibonacci retracement level at $0.184, that would be right at the bottom of the descending channel. Unless Civic manages to break above $0.4, the bearish market is likely to continue.