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Curve DAO Price Analysis: CRV Token Expecting to Hit $6.0, if it Breaks Above $4.20
The CRV token price above all the multiple EMA’s during intraday.
The 24-hour trading volume is at $787 million.
CRV/BTC pair is trading neutral by 11.3% at 0.00006745 BTC.
On the daily price chart of CRV token, The Moving Average (EMA), which includes the 8,13,21,55 EMA, acts as reliable support for currency price movements. Investors may notice a price flies above the yellow line, ensuring a Curve DAO uptrend until the price resides above all the EMA’s.
Trading volume (28.178 M) is above the 20-day moving average (14.438 M). The volume is high, so the cost is moving upside. Investors may also find that the volume is increasing. This indicates that unusual fluctuations are common on subsequent trading days.
CRV Token Testing The $4.20 Resistance Zone
CRV token daily price charts show an uptrend. Based on the price action, the support zone is located at 2.10- 2.40 USD. On the other hand, the resistance zone to look for is 3.90- 4.20 USD. Therefore, the chart shows a bullish engulfing candlestick pattern during the day.
The RSI showed a 74 (overbought) signal, projecting a buying in the currency for the short-term. Investors can observe an RSI line forming an inclined slope on the index. It can surge in future trading sessions.
The MACD indicator gives (bullish) cross over the signal line on October 22, demonstrating a buy signal in the coin. Additionally, Investors can see green bars on the Histogram index.
The price of the Curve DAO token is now $4.22 with a 24-hour trading volume of $784,617,829. CRV prices have increased 14.6% in the past 24 hours. 390 million CRV coins are in circulation and there are a total of 1.62 billion coins.
The RSI shows a buy sign, and MACD points to a buying signal. The traders have prompted high volume. In fact, the cost is testing the resistance zone. A market overview also shows that this pattern will continue to rise in the coming trading days.
Resistance Level: $3.90 – $4.20
Support Level: $2.10 – $2.40