Curve Dao (CRV) is now trading at $5.11 at the time of writing. The price has nearly soared by 8.86 percent in a single day.
In the last 24 hours, the daily trading volume has dropped by over 10%. CRV is ranked 63rd on the coin market cap and has market domination of roughly 0.08 percent. CRV reached its all-time high around the price of $23.25 in August (on 15th August). Overall, the start of Q4 has been positive for the price, with CRV rising by roughly 120 percent this month.
Let’s immediately begin again with a longer period of time. On the monthly TF, we can observe that CRV is tapping in the opening candle of August month. This same candle was initially rejected by a huge number of companies. We can expect the same kind of rejection around this sort of scale.
CRV Technical Analysis
On a weekly timeline, we can see that the cost of manufacturing has now burst through its neckline and tapped into the weekly order block, forming a massive double bottom. It’s probable that it will retest the neckline of the double bottom before surging higher.
Curve is exposed to the standard risks associated with putting money into intelligent contracts and dealing with AMMs, specifically the chance of temporary loss. Because Curve only supports stable cryptocurrencies, market volatility reduces. However, like with any cryptocurrency, users may lose money if markets are rebalanced to match cross-market pricing.
CRV is a good investment, but not a tremendous return, according to wallet investors. According to them, CRV will to achieve a value of $5.390 in a single year and $11.119 in five years.
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