Curve Struggles to Stay Up Following a Moderate Price Surge

During the previous session, the Curve market experienced a significant price increase, causing the token to rise through some important technical landmarks. However, the ongoing session seems to suggest that the market is finding it a bit more challenging to sustain further gains.

CRV Statistics:
Current Curve Price: $0.3048
CRV Market Cap: $357 million Curve Circulating Supply: 1.17 billion
Curve Total Supply: 2.15 billion
CRV CoinMarketCap Rank: 140

Key Price Levels:
Resistance: $0.4000, $0.4500, and $0.5000
Support: $0.3000, $0.2000, and $0.1000

CRV/USDT Upside Move Stays On

As noted earlier, the Curve token saw a significant price increase in the previous session. However, the ongoing session seems to lack the same momentum. Nevertheless, it could be said that the upside move remains intact.

This view is supported by the fact that the ongoing session remains bullish despite reduced volatility. Additionally, the market is now trading between the four available Exponential Moving Average (EMA) lines. Similarly, the Stochastic Relative Strength Index (SRSI) continues to rise into the overbought region.

Curve Hovers Above the $0.3000 Price Level

Price activity in the CRV market in the 4-hour time frame shows that the market continues to hover just above a critical price level. Additionally, it can be observed that price action is now above all the EMA lines. The 20-day and 200-day EMA curves can be seen delivering a crossover below the price movement. However, the SRSI lines are already in the overbought region.

Nonetheless, the more recent part of these indicator lines has taken a slight downward path, which could be attributed to the recent resistance to upward progress. That said, since the market has already tested the resistance at the $0.3200 and $0.3300 price levels, crypto signals targeting these levels may still be viable.

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