<em><strong>The CRV prices show a bull cycle starting within the expanding channel teasing a 20% jump to the resistance trendline close to $1.75.</strong></em>
<h3>Key Technical Points:</h3>
<ul>
 	<li>Curve Dao (CRV) prices show a bullish candle formed last night with an 8.55% jump initiating a bull cycle from the support trendline.</li>
 	<li>The bull cycle undermines the previous higher price rejection candles reflecting an improvement in the bullish sentiments.</li>
 	<li>With a market cap of $735 million, the intraday trading volume of Curve Dao has increased by 17% to reach $207 million.</li>
</ul>
<h3>Past Performance of CRV</h3>
The CRV price action shows a bearish turnaround from the $1.50 mark resulting in a 17% drop to the supporting trendline of the expanding channel. However, the support from the 100-day SMA and the trendline reignites the bull cycle with an 8.55% jump last night, resulting in a bullish engulfing candle. The price jump undermines the higher price rejection candles formed over the week.

<img src="https://s3.tradingview.com/snapshots/h/hxi5AgTp.png" alt="TradingView Chart" />

Source - <a href="https://www.tradingview.com/x/hxi5AgTp/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>CRV Technical Analysis</h2>
The restarting bull run in CRV prices faces the $1.50 opposition evident by the bearish influence over the daily candle. Hence, <a href="https://www.cryptoknowmics.com/news/why-is-it-important-for-traders-to-understand-crypto-reset-time/" target="_blank" rel="noopener">traders</a> hoping for a bull run continuation must wait for a daily candle to close above the $1.50 mark.

Furthermore, the bullish influence growing over the 50 and 100-day SMAs reflects a potential crossover event.

The RSI slope shows a sideways trend in the nearly overbought zone close to the 14-day SMA, maintaining an overall bullish viewpoint. Furthermore, the MACD indicator shows a sideways trend in the fast and slow lines with a minimum bearish spread. Hence, the technical indicators showcase a weakness in the underlying bullishness, questioning the $1.5 breakout.

In a nutshell, the CRV technical analysis suggests the traders should wait for a candle to close above the $1.50 mark.
<h2>Upcoming Trend</h2>
If the CRV price breaks above the $1.50 mark, an uptrend continuation to the $1.75 mark, close to the resistance trendline seems likely.

However, a bearish reversal might breach the support trendline to reach the $1.08 horizontal level.

Resistance Levels: $1.51 and $1.75

Support Levels: $1.20 and $1.08

CRV Technical Analysis: Bull Cycle Teases 20% Hike in CRV Prices

According to the technical analysis, CRV prices show a bull cycle teasing a 20% jump to the resistance trendline close to $1.75.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

CRV Technical Analysis: Bull Cycle Teases 20% Hike in CRV Prices

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