CRV BTC Curve DAO Technical Analysis

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By Frans van Elst

Curve DAO logo In this Curve DAO technical analysis, we will examine the current price action, trading volume, key levels and indicators for CRV-BTC. Curve DAO (CRV) is a decentralized finance (DeFi) token that enables users to participate in liquidity provision and voting for the Curve protocol. CRV holders can earn rewards through liquidity mining, and they also have a say in the direction of the Curve ecosystem through voting. With its innovative liquidity pool model and community-driven governance, Curve DAO is revolutionizing the DeFi landscape.

Curve DAO Price Overview:

As of May 07, 2024, Curve DAO is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for CRV-BTC:

Consider bearish sentiment for Curve DAO (CRVBTC) at 6.85e-06 BTC as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.

Metric Value
Open (O) 1e-05
High (H) 1e-05
Low (L) 1e-05
Close (C) 1e-05
Volume (C) 2,999,880.60
  • Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
  • High (H): Curve DAO reached a daily high of around 1e-05 BTC.
  • Low (L): The daily low for CRV-BTC was approximately 1e-05 BTC.
  • Close (C): At the time of analysis, Curve DAO is trading near its daily close of 1e-05 BTC.
Metric Value
1D Change (%) -0.15%
3D Change (%) 0.00%
7D Change (%) 1.48%
30D Change (%) -25.30%
90D Change (%) -37.44%
YTD Change (%) -52.10%

Over the past three days, CRVBTC has declined by approximately 0.00%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 1.48%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CRVBTC maintaining a downward trend of approximately -25.30%, despite intermittent fluctuations. Examining the last 90 days, CRVBTC has witnessed substantial decrease of approximately -37.44%, reflecting strong long-term confidence. Year-to-date, CRVBTC has steadily decreased by around -52.10%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Curve DAO Live Chart:

You can access a live price chart for CRV-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.37357.
  • Momentum score is 0.00884.

CRV BTC Technical Analysis

Curve DAO Trading Volume:

The trading volume for Curve DAO (CRV) over the past 24 hours has been significant, with approximately 2,999,880.60 BTC traded against CRV. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): CRV is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Curve DAO is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for CRV-BTC is currently in the low zone, around 37.32832. This suggests that Curve DAO is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Curve DAO (CRV-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.

Consider bearish sentiment for Curve DAO (CRVBTC) at 6.85e-06 BTC as technical analysis emphasizes weakened support and cautionary indicators for potential downturns.

Discover even more by checking out our comprehensive analysis on CRV USDT Curve DAO Technical Analysis — a perfect follow-up if you enjoyed this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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