- The fluctuating price of the CRV. Making it difficult for the investors to make a move on either side
- The Curve DAO has increased by nearly 1.45% during the intraday trading session and the current price is $1.42
- The pair of CRV/BTC is at0.00006103 BTC and has inclined by 1.39%
Curve DAO’s unstable price can bring some fatal circumstances for both bulls and bears. The CRV price is being pushed so hard by both bulls and bears to reach the desired targets. Investors find it challenging to predict the right movement of the Shib due to the fluctuating price range on the daily price chart. The coin has the potential to increase, but the bearish trend is preventing that from happening. And the bulls are also putting a lot of pressure this is going to be interesting to analyze the market over this crucial battle.
The price of Curve DAO is currently around $1.42 and has increased by nearly 1.45% during the intraday trading session. The CRV/BTC pair is currently inclined by approx 1.39 percent, trading at about 0.00006103 BTC. The price may approach the primary support level of about $1.3651. If the bulls do not respond, the bears will be able to easily push the CRV price to its secondary support of $1.2919.The price gain shows that buyers are getting in the action, as the price is approaching the primary resistance of $1.5541 and if the bull’s strategies work the price may reach to secondary resistance of $1.4474
Bulls are taking over the market. The bulls are attempting to push the CRV upward, but the bearish trend is pulling it back down, which is confusing for investors significantly. The volume of the CRV has decreased by about 23.87%. This indicates that bulls are overtaking the trade. And bringing a strong bullish trend if the bears take it with pinch of salt then it could be a fatal defeat for the bears.; we will see who wins, bulls or bears. The volume to market cap ratio for CRV is 0.1509. To match the expectations of investors, the bears must push themselves. Because the bulls are seeking to smash the bears, the bears will have a difficult time developing a solid market for CRV.
The technical indicator shows the following: The Relative Strength Index is approaching overbought territory. The current RSI is 57.61 which is above the average RSI of 56.41. The bulls worked hard to get the RSI to the overbought zone. However, the stillness of the bears is an advantage for the bulls to prepare for their desired goals and pushed the RSI into the overbought zone. The bears have to go some extra miles to normalize the RSI. The coin’s price remains above the 20,50 exponential Moving Average and has to cross the 100,200 Daily Moving Average. CRV investors counted on the bulls to meet their expectations. However, the bullish trend is taking forward the investors’ hopes.
Technical Levels
Support Levels $1.2919. and $1.3651
Resistance Levels: $1.4474 and $1.5541
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only. They do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2022/08/11/the-crvs-voletile-price-can-the-crv-become-stable/