<strong><em>The Curve Dao(CRV) prices break the 100-day SMA in hopes to cross above $1.50. Will the uptrend be successful to start a bull run above $1.50?</em></strong>

<strong>Key technical points: </strong>
<ul>
 	<li>The CRV prices jumped by 8.14% in the last 24 hours.</li>
 	<li>The market value of Curve Dao breaks above the 100-day SMA.</li>
 	<li>The 24-hour trading volume of Curve Dao is $409 Million, indicating a hike of 38%.</li>
</ul>
<h2>Past Performance of CRV</h2>
As mentioned in our <a href="https://www.cryptoknowmics.com/news/crv-technical-analysis-bull-run-struggles-at-100-day-sma">previous analysis</a>, the Symmetrical triangle Breakout rally drives the Curve Dao(CRV) higher above the 100-day SMA. Additionally, the bullish reversal from the $0.55 mark responsible for the bullish breakout of the triangle pattern, accounts for a 144 % jump in the last month. The ongoing bull run challenges the psychological mark of $1.50 in an attempt to reach the $2 mark.

<img src="https://s3.tradingview.com/snapshots/3/3y1IGa9p.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/3y1IGa9p/" target="_blank" rel="noopener">Tradingview</a>
<h2><span style="font-weight: normal">CRV Technical Analysis </span></h2>
The daily candle in the <a href="https://coincodex.com/crypto/curve/" target="_blank" rel="noopener">CRV price</a> chart shows the higher price rejection due to the increased selling pressure above $1.50. Hence, traders hoping to find a bullish trend continuation must wait for a price action confirmation to avoid any traps.

The RSI indicator shows a solid underlying bullishness as the RSI slope sustains a sideways trend in the nearly overbought zone. Furthermore, the 14-day SMA provides bullish support and avoids any major downfall.

With an ongoing uptrend in the bullish histograms, the MACD indicator displays a positive trend in the fast and slow lines. Hence the technical indicator project a high likelihood of an uptrend continuation

In a nutshell, the CRV technical analysis shows symbiosis between the price action analysis and technical indicators promoting the breakout theory of $1.50.
<h2><span style="font-weight: normal">Upcoming Trend</span></h2>
If the supply dump above $1.50 knocks the CRV market value below the 100-day SMA, a downtrend continuation to the psychological mark of $1 seems inevitable. However, the bullish breakout of $1.50 will unleash the trapped bullish Momentum resulting in a price jump to the $2 mark.

<strong>Resistance Levels:</strong> $1.50 and $2

<strong>Support Levels:</strong> $1.20 and $1

CRV Technical Analysis: Should You Buy Before Prices Cross $1.50?

CRV Technical Analysis shows prices breaking the 100-day SMA in hopes to cross above $1.50. Will the uptrend be successful to start a bull run above $1.50?

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: Should You Buy Before Prices Cross $1.50?

Top Picks