Curve (CRV) Proceeds Past the $0.8000 Price Level

The Curve (CRV) token has maintained solid momentum, emerging as the second most profitable token for the second consecutive day. At the time of reporting, the coin has gained 11.47%. Price activity on the token’s daily chart remains well-positioned, hinting at the potential for further gains.

Curve Statistics

Current Price: $0.8063

Market Capitalization: $1.06B

Circulating Supply: 1.34B

Total Supply: 2.25B

CoinMarketCap Rank: #83

Key Price Levels

Resistance: $0.9000, $1.1000, $1.3000

Support: $0.7000, $0.5000, $0.3000

Curve Bulls Appear to Be Growing Stronger

Price action on the CRV daily chart recently rebounded off the support formed at the lower limit of the Bollinger Bands. Additionally, the Bollinger Bands maintain a generally upward trajectory. Meanwhile, the Smoothed Rate of Change (SROC) indicator lines are above the equilibrium level and appear green. The indicator’s terminal is turning slightly sideways, suggesting some consolidation.

The ongoing session is represented by a green price candle and appears to be facing minimal resistance from selling pressure. This view is supported by the absence of shadows (wicks) on the current candle at the time of writing, indicating steady upward movement.

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Upside Forces in the CRV Market Maintain a Strong Grip

The Curve market on the 4-hour chart continues to exhibit a strong bullish trend. Here, price action is pushing against the upper limit of the Bollinger Bands, which has caused the bands to widen. Similarly, the SROC indicator line can be seen rising through the equilibrium level, reinforcing the bullish outlook.

Despite the last price candle being small and red, the market remains above the upper limit of the Bollinger Bands indicator. This suggests continued buying momentum. Therefore, traders may target the $1.000 price level as the next potential resistance.

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