<em><strong>The CRV prices show a bullish reversal from the psychological mark of $1 to challenge the opposing 100-day SMA and reach the $1.50 mark.</strong></em>
<h3>Key Technical Points:</h3>
<ul>
 	<li>The CRV prices jumped by 8.22% in the last 24 hours.</li>
 	<li>The price action shows a retest of the broken support trendline.</li>
 	<li>The 24-hour trading volume of Curve Finance is $240 million, indicating a drop of 30%.</li>
</ul>
<h3>Past Performance of CRV</h3>
As teased in our <a href="https://www.cryptoknowmics.com/news/crv-technical-analysis-should-you-buy-before-prices-cross-1-50" target="_blank" rel="noopener">previous article</a>, the downfall in CRV prices was inevitable after the fall out of the 100-day SMA resulting in a drop to the psychological mark of $1. However, the buyers quickly regained trend control with a Morning Star pattern resulting in a 30% jump, but the buyers are yet to exceed the 100-day SMA. Furthermore, the opposing SMA influences a bearish candle with hopes of undermining the reversal Morning Star pattern.

<img src="https://s3.tradingview.com/snapshots/0/0ECqrbb6.png" alt="TradingView Chart" />

Source - <a href="https://www.tradingview.com/x/0ECqrbb6/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>CRV Technical Analysis</h2>
Despite the recent bullish reversal, the CRV prices are yet to regain the support trendline. Moreover, the bearish candle creates an atmosphere of a retest phase and generates fear among the investors.

Currently, the buyers are struggling to beat the sellers at 100-day SMA, as evident by the bearish candle forming in the daily chart. However, in case of a bullish breakout, the uptrend will surpass the broken support trendline and might jump above the overhead resistance of $1.5.

The increased selling pressure due to the support trend line fallout influences a merger between the fast and slow lines of the MACD indicator. However, being a lagging indicator, the fast and slow lines might regain bullish alignment if the prices exceed the 100-day SMA.

The RSI indicator displays a down-trending slope reflecting and increasing the underlying bearishness as it displays divergence in the uptrend.

In a nutshell, the technical indicators maintain a bearish bias despite a positive reversal increasing the likelihood of a downtrend continuation. Hence, the CRV technical analysis supports an overall neutral view suggesting the buyers and sellers wait for a price action confirmation.
<h2>Upcoming Trend</h2>
If the buying pressure increases over the day, the CRV prices will shoot above the opposing SMA to reach the psychological mark of $1.50.

Conversely, a reversal below the 100-day SMA will result in a downtrend below the $1 mark.

Resistance Levels: $1.30 and $1.50

Support Levels: $1.0 and $0.84

CRV Technical Analysis: Can Buyers Beat This Opposing SMA?

According to the technical analysis, CRV prices show a bullish reversal from the psychological mark of $1, challenging the opposing 100-day SMA.

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: Can Buyers Beat This Opposing SMA?

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