CRV Technical Analysis: Back From $2, Rally Eyes 30% Jump

CRV prices show a bullish reversal as buyers refuse a market price below $2, undermining the fallout and preparing a fresh bull run. Key technical points: CRV prices show an overnight growth of 9.02%. The 50-day EMA is the next resistance to bullish development. The 24-hour trading volume of Curve DAO is $208 Million, marking a 34% rise. Past Performance of CRV CRV token price shows a sharp V-Shaped reversal from under the psychological barrier of $2, resulting in multiple bullish candles. The bullish rally accounts for a jump of 15% last week and undermines the bearish engulfing candle, which broke the $2 mark. Source-Tradingview CRV Technical Analysis The CRV/USD chart shows a gradual growth in trading volume, reflecting a rise in buying pressure and increasing the chances of a prolonged bull run. The crucial daily EMAs showcase a bearish alignment with the downtrend, gradually gaining momentum while providing dynamic resistance. However, the bullish reversal challenges the 50-day EMA, while the 100-day EMA has a history of delivering dynamic resistance. The RSI slope indicates a parabolic reversal in the nearly oversold area and approaches the halfway line. In addition, it shows an upward trend affected by that 14-day SMA and displays the increasing bullish momentum. The MACD and signal lines show a sideways trend in the negative territory as the bearish spread decreases, teasing a bullish crossover. Hence, buyers can short...