Curve (CRV) Bulls Making Moves to Break Out of Ranging Market

The Curve token stands amongst some of the most profitable tokens at the moment. The ongoing movement, however, seems to be staging a crucial development that suggests a key price move may be underway. Albeit the market has posted only a modest gain so far, it appears that more moves may still be on the way.

Curve Market Statistics

Current Price: $1.0462

Market Capitalization: $1.43B

Circulating Supply: 1.37B

Total Supply: 2.29B

CoinMarketCap Rank: 68

Key Price Levels

Resistance: $1.000, $1.500, $2.000

Support: $0.8000, $0.6000, $0.4000

CRV Set Out to Breach the $1.0500 Ceiling

The Curve token has been trading between the $1.000 baseline and the $1.0500 ceiling for several sessions. The recorded gains have brought this coin closer to breaching the mentioned price ceiling.

The corresponding price candle for the ongoing session can be seen leaping off the middle limit of the Bollinger Bands (BB) indicator. At the same time, the Stochastic Relative Strength Index (SRSI) indicator lines have just delivered an upward crossover. Consequently, this hints that price action may still edge higher subsequently in the meantime.

Curve Hugs Higher Extreme Limits

In the CRV 4-hour chart, it is visible that price action has hit the uppermost band of the BB indicator. The BB indicator keeps expanding to accommodate the movement of price action. The last price candle here remains green and is pushing against the uppermost limit of the BB indicator.

Simultaneously, the lines of the SRSI indicator can be seen maintaining their upward trajectory even after hitting the overbought region. Interestingly, the lines of this indicator do not yet show signs of weakness as of the time of writing. Therefore, traders can begin to eye price levels around the $1.2000 price mark.

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