Curve (CRV) Prepares to Extend Upside Retracement

CRV/USDT price action had recently crashed below the $0.60 price level. But just after that, there was a moderate upside correction in this market.

 

Luckily, it appeared that buyers had regrouped below the broken support at $0.60. Consequently, this has supplied the needed traction to keep price movements on a general upside path until now.

 

Curve Statistics
Curve Value Now: $0.762
CRV Market Cap: $664,897,935
CRV Circulating Supply: 869,242,095 CRV
Curve Total Supply: 1,976,620,079
Curve CoinMarketCap Ranking: 63

 

Major Price Levels:
Top: $0.762, $0.800, and $0.850
Base: $0.730, $0.600, and $0.550

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Curve (CRV) Bulls Are Set to Continue the Upward Thrust

 

Going by the price behavior of CRV/USDT on the daily market, it appears bulls are strong enough to continue propelling prices toward higher marks. Although bears have been interrupting the upside retracement in this market, bulls have been quick to keep regaining control. Given the appearance of the last price candle on this chart, it can be assumed that long traders might have done it again.

 

Price action in this market increased by nearly 3% within 24 hours. This has placed price movement in this market at a higher probability of further upside advancement.

 

Likewise, the Moving Average Convergence Divergence (MACD) curve has risen past the equilibrium level. Combining this with the appearance of the last price candle on this chart, it could be assumed that prices may continue the upside retracement.

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Curve (CRV) Eyes the Resistance Level at $0.80

 

The Curve 4-hour market has revealed that the upside retracement has already continued. The ongoing trading session here has indicated that upside gains have started and are capable of advancing.

 

Also, price activity can be seen to have risen past the 9-day Moving Average (MA) line. Meanwhile, the MACD curve can be seen approaching a bullish crossover below the equilibrium level. At the same time, the bars of the MACD can be seen to be growing shorter.

 

By implication, this suggests that headwinds are growing weaker and are already giving way to bulls to stay in control of price movement at this mark. Therefore, traders can anticipate that this token will hit the $0.80 mark soon.

 

Buy CRV on eToro