Home
News
- 1 Curve DAO crypto price is currently trading with bearish momentum.
- 2 CRV price decreased by 5.44% over the past seven days.
The Curve DAO crypto price was under selling pressure and was on a downward slope, making lower lows in the last few months. The trading volume was also low because investors were losing interest.
The current trend supports bears, and the crypto was in a correction mode, which scared buyers. The Curve DAO token was below the important moving averages and aimed to reach the 50-day EMA to keep the profits.
If the Curve DAO token fails to break above the 50-day EMA, it may face more resistance from the sellers and slide further down. The Curve DAO crypto needs to show some signs of recovery and regain the confidence of the buyers to reverse the downtrend and start a new rally.
At the time of writing, the Curve DAO price was trading at $0.52953607 with an intraday gain of 0.55%, showing a bounce from the lower trendline near the support mark of $0.49516298. Moreover, the market cap is $569.684 Million.
Year-to-date CRV gave returns of -12.52% and -27.47% in 6 months. In the last 1 month, it gave a negative return of 11.61% and 5.44% in the last seven days. Indicating a long Bearish trend continuing till now.
Technical Analysis of Curve DAO Crypto Price in 1-D Time Frame
The Curve DAO crypto (USD: CRV) is above the 50 and 200-Day EMAs, which contradicts the price direction. The RSI is at 44.08 points. The 14 SMA is over the middle line at 43.44 points which shows that the Curve DAO crypto is in a downtrend.
The MACD line and the signal line are under the zero line. A negative crossover is seen in the MACD indicator which implies more downward pressure for the CRV crypto price.
Curve DAO crypto needs to show some bullish momentum and cross the zero line in the MACD indicator to reverse the bearish trend and start a new rally.
Summary
The technical indicators of Curve DAO crypto (USD: CRV) show a downward trend. The MACD, RSI, and EMAs are giving negative signals and suggest that the CRV crypto price could continue to fall. Curve DAO price movement indicates that the market is pessimistic on the 1-D chart. The market sentiment is bearish right now.
Technical Levels
Support Levels: $0.49516298
Resistance Levels: $0.60321493
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions
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.
