Curve (CRV) May Receive Another Boost

The Curve token has once again appeared on today’s daily chart of top-gaining coins. It has secured the second spot on the list with a price increase of 7.83%. Let’s carefully examine possible future price movements below.

CRV Statistics

Current Price: $0.5332

Market Capitalization: $698.76M

Circulating Supply: 1.38B

Total Supply: 2.24B

CoinMarketCap Rank: 81

Key Price Levels

Resistance: $0.5500, $0.6000, $0.6500

Support: $0.5000, $0.4500, $0.4000

CRV Bulls Seem to Be Charging

The Curve daily chart reveals that price action has rebounded off a strong technical support level. This occurred in the previous session, with the upward rebound taking place at the converged 20- and 50-day Moving Average (MA) lines. The latest price candle on the chart appears as a green candle without upper or lower shadows, suggesting minimal tension in the market.

Moreover, price action stands above the converged 20- and 50-day MA lines and an eventual crossover could provide additional momentum for an upside retracement. Meanwhile, the Rate of Change (ROC) indicator line has moved above the equilibrium level. Consequently, price action may continue to progress upward.

The Curve Continues to Float Upward

Extending this price analysis to the 4-hour chart reveals a bright outlook, at least in the near term. Here, price action is now positioned above all the available MA lines on the chart. Additionally, the latest price candle remains green, indicating continued bullish dominance.

The ROC indicator has continued to rise toward the 20 threshold and remains above the equilibrium level. Technically, price action has the potential to maintain its upward trajectory and may likely advance toward the $0.6000 price level.

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