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Crypto Trends

CRV attempts to end after a 10 % increase: Will the bulls reach $ 0.71?

Amid non -confirmed market conditions, Altcoins is in decisive support levels. Curve Dao Taken (CRV) is currently moving through a critical stage where it is circulated within a convergence channel.

Currently trading at $ 0.4608, CRV has shown a profit of 10.18 % in the past 24 hours. The symbol has suffered from a declining pressure since December 2024, and it is a descending channel pattern that indicates the continuation of the ingredient morale.

DAO (CRV) curve rate analysis

CRV price procedure has a declining trend since December 2024. CRV has decreased about 62 % of its highest level at $ 1.33 to the current price of $ 0.46.

The DAO code made a lot of low altitudes and lower declines, indicating a declining direction for the textbook. However, although the market direction is low, CRV settled near $ 0.36. As the CRV price of 0 FIB ($ 0.36) advances, a decisive support base is formed.

CRV price scheme

Emas also does not show any positive vision. EMA drowned for 20 days ($ 0.48) for EMA for 50 days ($ 0.49), both of which show the trend towards EMA for 100 days ($ 0.54).

EMA duplicate alignment suggests the continued pressure of the bear, although the last procedure has shown some of EMA’s return for 20 days.

Fibonacci decline levels currently show CRV trading between 0 ($ 0.36) and 0.236 ($ 0.55). The distinctive symbol has found repeated support at the level of 0, indicating that this region is a great interest in Jupiter and could serve as support for a possible recovery.

The MACD index gives the first possible mark on the bull market. The MACD line (.00.0069) has risen to .00020,0002 on the signal line, which is small positive. Graphic fees (0.0066) also display the bullish trend because it turns into a positive value.

This weak positive cross may only mean the beginning of the transformation in the general direction of the market. However, the total MACD still has negative values ​​below the zero line, which means that the bears still have control.

The descending trend line that connects the December and Janier was a strong resistance, and the price has been rejected again and again. The last basic procedure shows that CRV tests this trend line, with the possibility of a bullish gathering if it can collapse and close it over this barrier.

Immediate support is $ 0.4608 (current price) and $ 0.36 (0 level of FIB). The price levels are likely to form from $ 0.49 (50 EMA), $ 0.55 (0.236 Fibonacci level), and $ 0.71 (0.382 Vibonacci), with upward movement, most likely a resistance set. On the way, these are the levels of challenge.

CRV price goals

If CRV is able to break the upper limits of the circulating channel and EMA for 20 days, then it can It targeted 0.236 Fibonacci at $ 0.55. The constant collapse is likely to pay the price to increase the price of 0.382 Vibonacci at $ 0.71.

On the negative side, failure to maintain support at the current levels may lead to the last minimal CRV test at $ 0.3659. The collapse may lead to this decisive support to accelerate the pressure pressure, which is likely to target the psychological level of $ 0.30.

The curriculum founder carries a great exchange

according to The spot on the chain Data monitoring, with the passage of the market, Curve Finance Michael Egorov again took action, selling 236,457 CRVs and succeeded in obtaining approximately $ 108,000.

Surprisingly, since March 24, Igorov started his sales trip, after he sold a total of about 3.083 million CRV, and spent up to $ 1.62 million, with the average sale price of about $ 0.527.

It should be noted that he seems to be fully aware of the rhythms of the market, and he chooses again and repeatedly selling them in local summits.

Sahil MahadikSahil Mahadik

Written by Sahil Mahedik

As a full -time trading with more than three years of practical experience in financial markets, exceptional efficiency in technical analysis, which is the cornerstone of the daily monitors of price fluctuations in the leading assets and indicators. My journey started to circulate with a deep charm of financial tools, and this curiosity is naturally expanded in the world of sophisticated cryptocurrencies. I am currently contributing to Cryptonewsz, and I have also written for Coingaape, Coin Republic and Therkarketperodical. I am driven by the market and I want to explore new opportunities. I analyze the emerging trends and strategies to obtain the maximum returns in the traditional coding markets.

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