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Curve Dao Price Analysis: CRV Token Price Doubled In Just One Week
The RSI value showed significant growth in the daily time frame chart
The CRV/BTC pair was trading at 0.00007841 BTC with a gain of 18.10%
The 24-hour trading volume in CRV token is $1.45 Billion, indicating a 17.16% hike
As mentioned in my previous article on Curve Dao, the token price reclaimed the last swing high of $3.5 and indicated the continuation of its uptrend. After the coin price obtained proper support from this level, the price showed a remarkable rally in its chart, and now the CRV coin price has breached the previous All-Time High of the $4.66 mark.
Concerning the EMA’s, the CRV token price is trading high above the crucial EMA’s 20, 50, 100, and 200, indicating a solid uptrend in this token.
The Relative Strength Index (RSI) value is at 79, indicating a bullish sentiment in the CRV token as the price has shown impressive growth similar to the token’s price action and is about to enter the overbought zone.
The CRV Token Price Trying To Retest The $4.66 Mark
In just one week, the CRV token has shown around 100% growth in its price. As mentioned, this new rally has reclaimed the previous ATH of $4.66, and now the price is coming back to retest the crucial level.
The CRV traders can plot the traditional pivot levels in their chart as they show remarkable confluence with the significant levels of the technical chart. As per these pivots, the nearest horizontal resistance for CRV price is $5.13, followed by the $5.95-$6 mark. If the retest of the $4.66 support fails, the next significant support for the price will be at $4.
Conclusion: From the technical perspective, the CRV token is under a strong uptrend, and as the price has given a breakout from its previous ATH of $4.6, the chart projects even more potential for this token. Thus, it’s a HOLD signal for the long trader, at least till the price sustains above the $4.66 mark.
Support – $4.66