- The price of CRV is trading near $0.6484.The 24-hour trading volume was $43.44 million.
- The CRV price is observing a fall of -0.12% in the last 24 hours.
- The CRV year-to-date return is 23.65 %.
About Curve Dao (CRV)
Curve Dao token is an automated market maker to manage liquidity. The curve dao token is a decentralized exchange for stablecoins. The Curve Dao was launched in 2020. Now, Curve Dao is synonymous with decentralized finance or DeFi. Curve Dao has seen significant growth in the year 2020. Curve Dao also uses Ethereum based creation tool Aragon to connect multiple smart contracts used for the user’s deposited liquidity.
The Launch of DAO and CRV token Brought in further Profitability, given CRV’s use for governance, as it is awarded to users based on liquidity commitment and length of ownership. The explosion in the DeFi industry has ensured the longevity of the Curve, with AMMs delivering tremendous product and user benefits. Therefore, the creators of Curve are ready for those who are involved in DeFi activities such as agriculture and water mining, as well as those who want to achieve better results without changing the title.
By considering trend & price information history, we can say that CRV is in a downtrend. The price has declined -24.15% within the past seven days and we are able to say that CRV is underperforming presently.
CRV Trading Below
Technical Analysis (1D Timeframe)
Source: CRV/USD.1D.BITFINEX by TradingView
The price of CRV at present is trading below 50 EMA which suggests the price could fall in the near future. If the sellers continue to push the price downwards, it could fall more in its value within a week. Hence, indicating sell.
The price of CRV at present is trading below 200 EMA which suggests the price could fall more in the near future. If the sellers continue to push the price downwards, further it could decrease more in its value within a week. Hence, indicating sell.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). The RSI line has been moving near the oversold zone for the previous few days. The value of 14 SMA is 36.12 points and the RSI line is near 27.16. which indicates that the TRX market position is in the oversold zone; currently the line suggests more fall in the zone. Hence, indicating sell.
As per the Trendline, it seems it’s respecting the trendline and trying to climb up from the trendline. For now, it’s consolidating but can go downwards more in the near future appears to be probable. So, the price of CRV can continue to fall or consolidate.
According to the analysis, The indicators are supporting the bears. If the price continues to move under the seller’s control, it is expected to fall more in the near future or it can consolidate at the current levels. Presently, the sentiments of investors and traders are bearish regarding the price of CRV in the 1D timeframe.
- The Nearest Support Zone – $0.5028
- The Nearest Resistance Zone – is $0.8495
In this article, The views and opinions stated by the author, or any people named are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.