Curve DAO Token Dropped -24.32% in Last Month and is Predicted to Drop to $0.733198 By May 20, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Curve DAO Token is up 3.44% today against the US Dollar
• Curve DAO Token is currently trading 12.65% above our prediction on May 20, 2023
• Curve DAO Token dropped -24.32% in the last month and is down -42.63% since 1 year ago

CRV price is expected to drop by -11.23% in the next 5 days according to our Curve DAO Token price prediction

is trading at $ 0.825964 after gaining 3.44% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 3.10% in the same time period. CRV performed well against BTC today and recorded a 1.37% gain against the world’s largest cryptocurrency.

According to our Curve DAO Token price prediction, CRV is expected to reach a price of $ 0.733198 by May 20, 2023. This would represent a -11.23% price decrease for CRV in the next 5 days.

CRV Price Prediction Chart

Buy/Sell Curve DAO Token

What has been going on with Curve DAO Token in the last 30 days

Curve DAO Token has been displaying a negative trend recently, as the coin lost -24.32% in the last 30-days. The medium-term trend for Curve DAO Token has been bearish, with CRV dropping by -23.09% in the last 3 months. The long-term picture for Curve DAO Token has been negative, as CRV is currently displaying a -42.63% 1-year price change. On this day last year, CRV was trading at $ 1.44.

Curve DAO Token reached its all-time high price on Aug 15, 2020, when the price of CRV peaked at $ 10.48. The current CRV cycle high is $ 6.76, while the cycle low is at $ 0.332060. CRV has been displaying low volatility recently – the 1-month volatility of the coin is at 8.47. Curve DAO Token recorded 15 green days in the last 30 days.

Curve DAO Token technical analysis for today – May 15, 2023

The sentiment in the Curve DAO Token markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.795275, $ 0.785193 and $ 0.774772, while $ 0.815778, $ 0.826199 and $ 0.836280 are the key resistance levels.

Bearish sentiment for Curve DAO Token

11 indicators are currently signaling a bullish prediction for Curve DAO Token, while 18 indicators are showing a bearish forecast. With 62% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Curve DAO Token.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 50 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Curve DAO Token moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Curve DAO Token is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Curve DAO Token is at 35.82, suggesting that CRV is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Curve DAO Token over the last 50 days. Currently, Curve DAO Token is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the CRV closing price for the last 200 days. CRV is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Curve DAO Token prediction

After considering the above factors, we can conclude that the current forecast for Curve DAO Token price prediction is Bearish. CRV would have to decrease by -11.23% to hit our $ 0.733198 target within the next five days. Moving forward, it will be important to monitor the CRV market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Curve DAO Token price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.