CRV coin price shows a consolidation phase below the $2.5 mark, as buyers prepare a launch above the resistance to reach $3.

Key technical points:
<ul>
 	<li style="font-weight: 400">CRV prices struggle to surpass the $2.5 mark.</li>
 	<li style="font-weight: 400">The 100 and 50-day EMAs prepare for a bullish crossover.</li>
 	<li style="font-weight: 400">The 24-hour trading volume of Curve DAO is $473 Million, marking a 150% rise. </li>
</ul>
<h2>Past Performance of CRV</h2>
The bear cycle started at the $3 mark and sank the CRV coin price by 28.5% to reach the $2.1 support. On the 22nd of April, the price of the CRV experienced an enormous inflow, leading to an increase of 14%. The green candle that has been long-running has been covered for the past two weeks, releasing the bullish momentum held in place.

<img src="https://s3.tradingview.com/snapshots/i/IpTGDiR3.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/IpTGDiR3/">Tradingview</a>
<h2>CRV Technical Analysis </h2>
The CRV token recovered after a dip to its $2.7 mark to support levels in response to the symmetrical triangle pattern. The new bull trend is accelerating towards overhead resistance, which is approximately the $2.74 mark. However, interested traders must wait for the breakout of the trendline to confirm a bull uptrend.

Additionally, the bullish rise exceeds even the 50-day EMA and climbs higher towards the 100-day EMA, and then falls dramatically when it crosses below the 200-day EMA. Therefore, the current trend could eventually reach the 100-day EMA at some point.

RSI Indicator: The daily RSI slope approaches the overbought boundary after surpassing the halfway mark and the 14-day average, rising on April 22nd. However, the consolidation keeps the slope trapped in the nearly overbought zone.

MACD Indicator: The MACD and signal lines continue the uptrend after the bullish crossover, reflecting the underlying bullish momentum growth. Hence, the indicator forecasts a potential uptrend above the $2.5 mark.

In a nutshell, the CRV technical analysis shows a potential rise above the $2.5 mark.
<h2>Upcoming Trend </h2>
CRV coin price projects a sideways trend after a bull run reaching the $2.5 mark and shows lower price rejection indicating a potential rise above the resistance. Hence, traders can shortly find a breakout entry opportunity as the price surpasses the $2.5 mark with a target of $2.78.

Resistance Levels: $2.5 and $2.78

Support Levels: $2.40 and $2.15

CRV Technical Analysis: Bullish Flag Soon To KnockDown $2.5 Mark

CRV coin price shows a consolidation phase below the $2.5 mark, as buyers prepare a launch above the resistance to reach $3.

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: Bullish Flag Soon To KnockDown $2.5 Mark

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