פֿאַרעפֿנטלעכט 6 שעה צוריק
A V-shaped recovery in Curve Dao coin price offsets the recent breakdown from the $0.534 monthly support. This fake breakdown scenario brought more buying orders into the market by forced liquidating the trapped short sellers. However, the ongoing rally may soon retest the four-month-long resistance trendline to replenish the bear momentum. Is it safe to hold?
שליסל ווייזט:
- A daily candle closing above the $0.535 level will accelerate the bullish momentum
- The trendline breakout is needed to establish a sustained uptrend.
- The intraday trading volume in the CRV token is $162 Million, indicating a 46% loss.
מקור- Tradingview
Under the influence of a downsloping trendline, the Curve Dao coin price has witnessed a steady downfall over the past four months. Furthermore, the several reversals from this dynamic resistance indicate the sellers are actively selling at this trendline.
צווישן די FTX-crypto exchange crash, the CRV coin faced its last correction from the overhead trendline, leading a 6.68% fall to reach the $4 mark. However, the altcoin witnessed a sudden surge in buying pressure, which pushed the prices 82.4%. in the last three days.
This perpendicular growth sets a bullish upswing back to resistance trendline, offering a relief rally for the coin holders. Moreover, the rising price backed by reducing volume indicates the current bull run is temporary.
Anyhow, the Curve Dao price currently trades at $0.681 mark and breached a horizontal resistance of $0.534. This breakout should accelerate the bullish and prolong the ongoing recovery. Thus, with sustained buying, the altcoin should rise more than 30% to hit the overhead trendline.
However, if the overall market remained bearish the Curve Dao coin price will have a high possibility for another reversal.
Thus, the sidelined buyers waiting for a long entry opportunity should surpass the resistance trendline.
טעכניש אַנאַליסיס
רסי: די טעגלעך-RSI slope jump above the neutral indicates the improving market sentiment.
עמאַ: the downsloping crucial EMAs(20, 50, and 100) adventures an established downtrend anprovidees dynamic resistance against a bullish pullback.
Curve Dao Coin Intraday level
- אָרט פּרייַז: $ 0.681
- Trend: Bearish ok
- וואַלאַטילאַטי: הויך
- Resistance levels- $0.8and $1.02
- שטיצן לעוועלס - $ 0.688 און $ 0.534
די דערלאנגט אינהאַלט קען אַרייַננעמען די פערזענלעכע מיינונג פון די מחבר און איז אונטערטעניק צו די מאַרק צושטאַנד. טאָן דיין מאַרק פאָרשונג איידער ינוועסטינג אין קריפּטאָקוררענסי. דער מחבר אָדער די ויסגאַבע איז ניט פאַראַנטוואָרטלעך פֿאַר דיין פערזענלעכע פינאַנציעל אָנווער.
Source: https://coingape.com/markets/how-far-the-rising-curve-dao-coin-price-may-reach-in-coming-week/