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- 1 CRV price prediction suggests this token might show a significant rise in its value in the coming months.
- 2 Curve DAO Token price holds the 50-day EMA and also displayed a 200-day EMA breakout.
- 3 CRV crypto price formed a double-bottom bullish reversal pattern.
CRV price prediction suggests a significant rise in the value of the token is possible in the coming months. The bulls are highly active so they are likely to continue their dominance.
Curve DAO Token price took support near the $0.5000 level and began to recover by forming higher high swings. Buyers succeed in holding the price above the 50-day and 200-day EMAs, which confirms the bullish trend reversal.
In the mid of November, CRV price tried to break the $0.6500 hurdle. Yet, the attempt failed due to the strong presence of sellers, and the price faced rejection. Later, the price retraced back to the 50-day EMA and retested the previous demand zone.
Luckily, buyers were active near the support so they succeeded in defending the demand zone and showed a bounce. Slow and steady prices recovered and succeeded in breaking the November high which triggered the positive sentiment.
At present CRV price is continuing the upward momentum and trading at $0.6822 with an intraday uptick of 5.55%. In the last 24 hours, the trading volume increased by 22% and the volume to market cap stands at 17.19%.
Will CRV Price Hit New Swing Highs in January?
CRV price prediction says the rally has just begun and more scope for upside is open. The buyers look more aggressive as compared to sellers so any short-term downfall toward the support will be bought up.
At present, Curve DAO Token price is racing toward the supply zone at $0.7532. If the buyers succeed in breaking this hurdle then the price might show a rise of 10% to 15%.
However, if the CRV price faces rejection from $0.7532 then it might again retrace back to the EMA. The analysis suggests the recent upward move in CRV looks reliable. So, bulls are active and may try to hit new swing highs.
Curve DAO Token Price Turning Bullish on a Weekly Chart
Curve DAO Token price surges 14% in the current week and forms a bullish marubozu candle. It shows the strength and the confidence of bulls.
Meanwhile, the overall crypto market is performing well and BTC and ETH hitting new YTD highs. It improves the market sentiment which is positively impacting the price of CRV and other altcoins.
The RSI of CRV crypto at 68 sloping upward indicating bullish momentum might continue. The MACD curve displayed a positive crossover and also favored the bulls.
Conclusion
The CRV coin price prediction suggests the bulls will lead the rally and new swing highs are possible. If the price sustains above the EMA, the buyers will remain active and try their best to take control of the supply zone. The analysis suggests, the CRV coin price is in the bulls’ grip so more upward is possible.
Technical levels
- Resistance levels: $0.7532 and $0.8800
- Support levels: $0.5166 and $0.3879
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
