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. Key technical points: CRV prices struggle to surpass the $2.5 mark. The 100 and 50-day EMAs prepare for a bullish crossover. The 24-hour trading volume of Curve DAO is $473 Million, marking a 150% rise. Past Performance of CRV 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. Source-Tradingview CRV Technical Analysis 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...