- The Bears are seeking to control the CRV market but the Bulls are giving a tough fight.
- The current price of the CRV is around $1.09 with a rise of 3.51% during the intraday trading session.
- The pair of CRV/BTC is around 0.00004636 BTC with a gain of 1.48%.
The Curve DAO token has surged from the demand zone after hustling for a long period of time. As the coin has regained its potential and has started following the upward curve with a steady upward momentum. The bears are now trying to manipulate the market but the Bulls have a strong will to take coin to their desired targets.
The current price of the Curve DAO Token is around $1.09 with a gain of 3.51% during the intraday trading session. The pair of CRV/BTC is around 0.00004636 BTC. The CRV is approaching the primary resistance of $1.141 and if the investors stay active the price of the coin may surge up to the secondary resistance of $1.445.
If the sellers push themselves then the coin may drop from the supply zone. This may lead the CRV to drop the coin to the primary support of $0.965 and if the seller dominance over the CRV’s market increases then the price may reach upto the secondary support of $0.499. The movement of the Bears may bring CRV to a crucial stage.
The volume of the coin has dropped by 33.14% in the last 24 hours. The decreasing volume indicates that the selling has increased which may bring a reversal of CRV from the supply zone. The coins price is heading above 20 days 50 days 100 days and 200 days Exponential moving average.
The technical analysis of the Curve DAO Token
The technical indicators shows that RSI of the CRV is in the overbought zone which indicates that the buyers are trying to enter the trade of CRV. The current RSI is around 70.63 which is below the average RSI of 79.59.
The MACD and MACD signal may intersect giving a negative crossover. Investors are eagerly waiting for any movement over the daily price chart.
The Coin may lose its potential if the bears dominate the market of Curve DAO token. The current price of the Curve DAO Token is around $1.09 with a gain of 3.51% during the intraday trading session. The pair of CRV/BTC is around 0.00004636 BTC with a gain of 1.48%. The decreasing volume indicates that the selling has increased. The current RSI is around 70.63.
Support Levels: $0.95 and $0.50
Resistance Levels: $1.15 and $1.50
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.