The Curve DAO Token Price Prediction: Upside Potential
The Curve DAO Token price is currently at $0.48 and has the potential to reach the resistance level of $0.49. The market cap for the token is $419.8 billion, with a circulating supply of 866.3 million tokens and a total supply of 2.0 billion tokens. The token is ranked #77 on Coinmarketcap.
Key Levels for CRV/USD
- Resistance levels: $0.70, $0.80, $0.90
- Support levels: $0.25, $0.15, $0.05
The daily chart for CRV/USD shows that the token is currently trading above the $0.46 level and has been experiencing an upward movement. It is likely to cross above the 9-day and 21-day moving averages, potentially reaching the resistance level of $0.50 with a 5.21% gain in the last 24 hours.
Curve DAO Token Price Prediction
The Curve DAO Token price is expected to display strong bullish momentum and begin a movement to the upside. It may need to touch the nearest resistance level of $0.55 in order to regain proper bullish momentum. Crossing above the 21-day moving average could lead to potential resistance levels at $0.70, $0.80, and $0.90. On the downside, if bearish movement occurs, support levels at $0.25, $0.15, and $0.05 may come into play.
CRV/BTC Trades Bullishly
Against Bitcoin, the Curve DAO Token price may continue to rise above the 9-day and 21-day moving averages if buying pressure from bulls increases. The coin is currently trading at 1854 SAT, with the Relative Strength Index (14) crossing above the 40-level. The resistance level for CRV/BTC could be found at 2500 SAT and above, while a bearish movement may hit the support level at 1200 SAT and below.
Alternatives to Curve DAO Token
While the Curve DAO Token price may need to rise above $0.50, traders may consider the market as bearish if the price falls below the support level of $0.45. However, the $WSM token is recommended for purchase due to its attractively affordable presale price. It has already gathered over $25 million in value.
Hot Take
The Curve DAO Token has the potential for further upside movement, with resistance levels at $0.70, $0.80, and $0.90. Traders should keep an eye on the support levels at $0.25, $0.15, and $0.05, and consider alternative tokens like $WSM.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.