$CLO saw a notable long liquidation around $0.06516, indicating a downside liquidity grab that removed weak long positions and briefly intensified selling pressure. This move has driven price into a demand zone near $0.063–$0.065 where buyers historically show interest. Holding above this area keeps rebound scenarios active with immediate resistance around $0.068–$0.070 where selling pressure previously appeared. A break above $0.070 could open the path toward the next upside target near $0.075. Liquidation flushes often signal temporary exhaustion of sellers, allowing for recovery attempts. However, losing support below $0.063 could send price toward $0.060 before stronger demand emerges. Overall structure leans toward a short-term stabilization and bounce potential. $CLO ‌