CURVE DAO PRICE ANALYSIS & PREDICTION (March 26) – CRV Taps a Month High After Posting 12% Gain Daily, Eyes $0.6
CRV is up 10% today as it continued to gain traction daily following a slight bearish break across the crypto space. The price looks strong on the day as it slowly shows signs of strength amid the latest recovery.
In the last clampdown, CRV shed a lot of loss as the price rolled back to a low of $0.35 for the first time in four months. Luckily for the bulls, the low held as support and the price bounced back in the second week.
Following the bounce, the price recovered by over 30% to $0.566 today. This increase shows signs of bulls as the demand level increases on the daily chart. It is approaching the $0.6 level at the time of writing. A push above this key level could fuel a major rally, while it faces resistance.
On the other hand, rejecting this key level could also trigger a major leg down that is capable of rolling the price back to the bottom. Holding it could bring a buyback in the market. Increasing above the yearly high should give the bulls control as the trend shifts for a long-term rally
Extending bearishness below the current bottom could plunge the price to the $0.23 level before locating a solid ground. But from a technical standpoint, the trend is still much in favour of the bears from a short-term perspective.
CRV’s Key Levels To Watch
On the way up, there’s an immediate resistance at $0.6. A flip through this resistance could send the price to $0.762. The higher level to watch for an increase is $0.92 in the future.
If CRV loses grip, it may encounter minor support at $0.433 before reclaiming its recent $0.347 low. A drop off this low could fuel another drag down to $0.27 and maybe $0.23 in the future.
Key Resistance Levels: $0.6, $0.762, $0.92
Key Support Levels: $0.433, $0.347, $0.27
- Spot Price: $0.566
- Trend: Bullish
- Volatility: High
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.
