As of November 23, 2024, Curve DAO Token (CRV) is trading at approximately $0.5134 USD, reflecting a 14.9% increase from the previous close. The day's trading range has spanned from an intraday low of $0.4373 to a high of $0.5134.
In recent months, CRV has exhibited a bullish trend, breaking out from a descending wedge pattern in August 2024. This breakout often signals a potential upward movement. Analysts have identified key resistance and support levels:
Resistance Levels:
$0.5157: This level aligns with the 61.8% Fibonacci retracement, a common target following a breakout.
$0.60: CRV surpassed this resistance in February 2024, coinciding with developments in the Curve Finance ecosystem.
Support Levels:
Instant support $0.4373
$0.2509: Identified as a significant support level in August 2024.
$0.2725: Another support level noted during the same period.
Technical indicators, such as the Relative Strength Index (RSI), have been moving upwards, suggesting strengthening bullish momentum.
Given the current price near $0.5134, CRV is approaching the $0.5157 resistance level. A successful breach above this point could pave the way for further gains, while failure to do so might result in a pullback toward the support levels mentioned.
Not 100% accurate.. play by on risk
