Curve DAO token (CRV) Slight Gains Seem Negligible

The Curve DAO Token has seen some additional price movement as of today. This was enough to position it as the second-best performing coin at the time of writing. The token gained an additional 3.54%, hinting at the possibility of continued upside movement.

Curve Statistics

Current Price: $0.424

Market Capitalization: $593.21M

Circulating Supply: 1.41B

Total Supply: 2.32B

CoinMarketCap Rank: 86

Key Levels

Resistance: $0.4500, $0.5000, $0.5500

Support: $0.4200, $0.4000, $0.3800

CRV Edges Slightly Upwards

While it may be difficult to discern whether Curve DAO Token has fully passed a bullish test, price action has moved above the 9-day Exponential Moving Average (EMA). The latest candle on the chart is small but green, and trading continues above the 9-day EMA.

The Stochastic Relative Strength Index (SRSI) indicator lines have now completed an upside crossover. These lines appear to still be in their early upward phase, hinting that further price increases may follow. However, caution may require traders to wait a bit longer before entering long positions.

Curve’s Upside Movement Looks Strained

Although the CRV token has maintained an upward trajectory, the recent price candles suggest some strain. The last two price candles on the CRV/USDT 4-hour chart appear small and feature both upper and lower wicks, indicating pressure from both buyers and sellers.

Even so, price action remains above the 9-day EMA curve, supporting a short-term bullish outlook. Additionally, the SRSI indicator lines are deep in the overbought region, which points to a possible price reversal toward the $0.4000 level soon.

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