Curve DAO Price Analysis: CRV is Going to Offer a Bullish Opportunity in the Upcoming Week

• The Curve DAO (CRV) is performing well above the uptrend trendline.
• Buyers place the CRV price above the middle band of the Bollinger Bands indicator.
• The altcoin price is up 4.7% so far this week.

The Curve DAO token is outperforming after retracing from a 90-day low. Price action is suggesting an uptrend on the daily time frame. Despite continued buying, the bears are still active in the bullish market and attempted a pullback near the $1.5-resistance level.

At the time of writing, the CRV token is trading today at the $1.4 mark under buyer control. Buyers also tested the uptrend trendline three days ago to make another bullish breakout. After a minor retracement phase, the bulls again turned aggressive for the uptrend.

The bears formed a major defensive zone at $1.5 over the past three months. But it looks like buyers will soon gain the altcoin price above this zone. Above this resistance level $2.0 will act as the next bullish hurdle. Meanwhile, the CRV/BTC pair in the Green Zone is trading with an increase of 3.2% at 0.0000564 Satoshis.

The market cap of the Curve DAO token is also increasing with the uptrend. Meanwhile, capitalization has risen 5.6% to $76 million, according to CMC. Nevertheless, trading volume is down by 14.9% in the last 24 hours. With a bullish trendline, buyers place the CRV price above the mid-band of the Bollinger Bands indicator under the daily price scale.

MACD Reflected Bearish Crossover 

The Stoch RSI indicator fell into the overbought zone before moving up. Besides, the MACD has generated a bearish crossover in the positive zone.

Conclusion

Curve DAO token remaining in narrow sideways range. Speculators are waiting for the break of this resistance level. A breakout with sustainable momentum may push buyers towards the next stop at the $2.0-resistance.

Support level – $1.0 and $0.5

Resistance level – $1.5 and $2.0

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Steve Anderrson

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.