<em><strong>The triangle breakout rally struggles to surpass the 100-day SMA despite a 24% yesterday. Will this struggle result in a bullish failure for CRV?</strong></em>
<h3>Key Technical Points:</h3>
<ul>
 	<li>The CRV prices jumped by 8.94% in the last 24 hours.</li>
 	<li>The bull run takes a step back from the 100-day SMA.</li>
 	<li>The 24-hour trading volume of Curve DAO is $337 Million, indicating a rise of 92.69%.</li>
</ul>
<h3>Past Performance of CRV</h3>
As you mentioned in our <a href="https://www.cryptoknowmics.com/news/crv-technical-analysis-are-curve-dao-prices-ready-to-explode" target="_blank" rel="noopener">previous analysis</a>, CRV price escapes the symmetrical triangle in the daily chart. The breakout rally exceeds the psychological mark of $1 to test the 100-day SMA at $1.50. The bull run accounts for a price jump of 62% in the last week but failed to surpass the opposing SMA.

<img src="https://s3.tradingview.com/snapshots/o/OSM84beQ.png" alt="TradingView Chart" />

<span style="font-weight: 400">Source - </span><a href="https://www.tradingview.com/x/OSM84beQ/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>CRV Technical Analysis</h2>
CRV price action shows the daily candle dumping the market value by 5.42%, teasing a tweezer top formation. Hence traders might find a retracement to the psychological mark of $1 as a retest due to increased selling pressure. However, a bullish reversal exceeding the 100-day SMA will result in a price jump to the $2 mark.

The underlying bullishness shows a gradual growth as the RSI slope continues to grow with the support of the 14-day SMA. However, bearish divergence grows between the price jump and RSI jump, teasing a downfall.

However, the MACD indicator shows the fast and slow lines avoiding a downfall as the lines regain the bullish alignment. Hence, the technical indicators represent an increase in selling pressure.

In a nutshell, CRV technical analysis signals a high bearish retracement from the 100-day SMA as the selling pressure grows.
<h2>Upcoming Trend</h2>
The bullish break out of the opposing SMA will surpass the $1.50 level to reach the psychological mark of $2.

Conversely, the retracement to the $1 seems inevitable as the selling pressure grows.

Resistance Levels: $1.50 and $2

Support Levels: $1.25 and $1

CRV Technical Analysis: Bull Run Struggles At 100-day SMA

This CRV technical analysis shows that the triangle breakout rally struggles to surpass the 100-day SMA despite a 24% yesterday.

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 Run Struggles At 100-day SMA

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