CRV/USD Heads to $0.70 Resistance

The Curve DAO Token price prediction reveals that CRV could still follow the bullish movement, despite the recent price falls that hit the market.

Curve DAO Token Price Prediction Statistics Data:

• Curve DAO Token price now – $0.61
• Curve DAO Token market cap – $270.6 million
• Curve DAO Token circulating supply – 880.4 million
• Curve DAO Token total supply – 1.9 billion
• Curve DAO Token Coinmarketcap ranking – #73

CRV/USD Market

Key Levels:

Resistance levels: $0.80, $0.90, $1.00

Support levels: $0.35, $0.25, $0.15

CRV/USD is likely to cross above the upper boundary of the channel as the price faces the resistance level of $0.70. At the time of writing, the Curve DAO Token price is recovering above $0.60 while the 9-day moving average remains below the 21-day moving average. Meanwhile, the coin could start another decline unless it surpasses and stays above the main $0.70 resistance zone.

Curve DAO Token Price Prediction: CRV Could Hold Above $0.62

According to the daily chart, the Curve DAO Token price is currently hovering at the resistance level of $0.61 and the initial support could still be created below the previous low at $0.48. Once the coin eliminated this level, the sell-off may begin with the next focus on the $0.45 level. Therefore, if this support level drops further, the downward momentum could begin to snowball, and the next closest supports may be located at $0.35, $0.25, and $0.15.

As the daily chart reveals, bulls must realize the need to cross above the upper boundary of the channel before they can get to the potential resistance levels. Above this handle, traders may need to consider a sustained move for the extended recovery to the resistance levels of $0.80, $0.90, and $1.00. Meanwhile, the Relative Strength Index (14) is likely to cross above the 40-level, which could give additional bullish signals, and this could be possible if the 9-day MA crosses above the 21-day MA.

Against Bitcoin, buyers are making an effort to step back into the market as the coin is showing some promising signs. On the upside, if the CRV price crosses above the upper boundary of the channel, the nearest resistance level could be located at 2500 SAT and above.

On the contrary, any bearish movement beneath the lower boundary of the channel may reach another support at 1500 SAT. If the price drops further to create another low, lower support is located at 1300 SAT and below. The Relative Strength Index (14) moves to cross above 40-level which indicates that the market may follow the bullish movement.

Alternatives to Curve DAO Token

The Curve DAO Token price continues to grind higher, the first resistance level may come at $0.65 as this could also be followed by $0.70. However, trading near the upper boundary of the channel may push the coin to higher levels.

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