Curve DAO Token Price Analysis: Will CRV Retest $0.92 Level?


  • Curve DAO Token is presently valued at $0.55
  • The EMA(50) is currently at $0.97.
  • Curve DAO Token(CRV) records upswings today.
  • First support level for Curve DAO Token is at $0.74.

23 April 2024 : In this article we will walk you through Curve DAO Token price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Curve DAO Token, Is CRV a good investment? Curve DAO Token support & resistance levels etc. But before diving deep into the CRV technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,430,678,220,835. The total trading volume stands at $66,517,217,148. Bitcoin shares 53.53 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $66,101.49 level after an upward movement of 0.23%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -0.48 percent reaching to $3,187.29 during the previous 24 hours.
While publishing this blog, BNB traded at $605.54, following a price change of 1.5% within the same time frame. SOL the native coin of Solana is up by 0.5 and currently trading at $154.67. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Curve DAO Token Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Curve DAO Token (CRV)

CRV Resistance Levels CRV Support Levels
Resistance Level 1 $0.92 Support Level 1 $0.74
Resistance Level 2 $1.00 Support Level 2 $0.64
Resistance Level 3 $1.10 Support Level 3 $0.56

Curve DAO Token Performance

CRV has recorded a upsurge, gaining 0.64% in last 24 hours. The current value of Curve DAO Token is hovering at $0.55 with the trading volume of $35,567,998.00 USD in the same timeframe. The overall marketcap for CRV is $589,086,695.00 USD while the coin price changes 6.85% over the week.

Curve DAO Token Price Analysis

CRV price analysis for 23 April 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Curve DAO Token.

Moving Averages Price Indicator
Simple Moving Average (10) 0.84 Sell
Exponential Moving Average (10) 0.85 Sell
Simple Moving Average (20) 0.87 Sell
Exponential Moving Average (20) 0.87 Sell
Simple Moving Average (50) 0.98 Sell
Exponential Moving Average (50) 0.97 Sell

While CRV’s Williams %R indicator is at -22.076 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The MACD line is standing above of the signal line after a positive crossover. Curve DAO Token investors need to wait for any directional change over the daily chart. The Curve DAO Token has break all its supports levels and things are not looking good for the crypto market. Currently, bears are in control of the market and successfully take CRV price below the crucial support level of $0.74. The Relative strength index (RSI) for CRV Coin is currently hovering at 45 for 14-days average line, which means CRV is in consolidation zone right now.

Conclusions

According to our technical analysis data, the short-term forecast for the Curve DAO Token price is mostly bullish at the time of writing. The cryptocurrency Curve DAO Token seems to be on the rise again. A significant return-on-investment (ROI) is predicted if you acquired the currency some time back.