Curve (CRV) Sustains Bullish Correction

The Curve token has appeared in the second spot on this week’s list of top crypto movers. As of the time of writing, this token has seen a price increase of 4.20%. This gain was sufficient to keep it ranked second on the daily top crypto movers list. Let’s further examine the market.

Curve Statistics

Current Price: $0.7402

Market Capitalization: $994.91M

Circulating Supply: 1.34B

Total Supply: 2.25B

CoinMarketCap Rank: 75

Key Price Levels

Resistance: $0.7500, $0.8000, $0.8500

Support: $0.7000, $0.6500, $0.6000

Curve Bulls Have Higher Targets

The Curve token has continued to retrace higher price levels for the second consecutive session. The price candle for the ongoing session shows the token trading above the middle limit of the Bollinger Bands. Additionally, the Bollinger Bands show a generally upward trajectory, especially after the recent rebound from the lower limit.

Simultaneously, the Stochastic Rate of Change (SROC) indicator line is above the equilibrium level and remains green. Technically, this suggests that upside forces are still prominent enough to keep the market on an upward path.

Tailwind in the CRV Market Maintains Firm Control

On the 4-hour chart of the Curve token, price activity remains under strong bullish sentiment. Price candles can be seen hugging the uppermost limit of the Bollinger Bands. While the most recent candle appears red, it reflects only a minor downward retracement.

Nevertheless, the market remains near the upper limit of the Bollinger Bands. Furthermore, the bands remain well dilated, and the SROC indicator continues to rise above the equilibrium level. Technically, this indicates that the market remains well-positioned for further upward movement toward the $0.8000 price level.

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