CRV USDT 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-USDT. 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 also earn rewards through staking, providing liquidity, and participating in governance decisions. With its innovative design and high liquidity, Curve DAO has become a popular choice among DeFi enthusiasts looking for a reliable and user-friendly platform.

Curve DAO Price Overview:

As of May 13, 2024, Curve DAO is trading at approximately 0.4155 USDT. Let’s dive into the detailed price action for CRV-USDT:

Assess Curve DAO’s (CRVUSDT) risks at 4.15e-01 USDT with bearish technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.4189
High (H) 0.4272
Low (L) 0.4027
Close (C) 0.4155
Volume (C) 18,297,493.00
  • Open (O): The opening price for today’s trading session was approximately 0.4189 USDT.
  • High (H): Curve DAO reached a daily high of around 0.4272 USDT.
  • Low (L): The daily low for CRV-USDT was approximately 0.4027 USDT.
  • Close (C): At the time of analysis, Curve DAO is trading near its daily close of 0.4155 USDT.
Metric Value
1D Change (%) -0.81%
3D Change (%) -1.52%
7D Change (%) -4.06%
30D Change (%) -1.73%
90D Change (%) -18.64%
YTD Change (%) -31.35%

Over the past three days, CRVUSDT has declined by approximately -1.52%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -4.06%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with CRVUSDT maintaining a downward trend of approximately -1.73%, despite intermittent fluctuations. Examining the last 90 days, CRVUSDT has witnessed substantial fall of approximately -18.64%, reflecting strong long-term confidence. Year-to-date, CRVUSDT has steadily decreased by around -31.35%, 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-USDT 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 0.44321.
  • Momentum score is -0.11066.

CRV USDT Technical Analysis

Curve DAO Trading Volume:

The trading volume for Curve DAO (CRV) over the past 24 hours has been insignificant, with approximately 18,297,493.00 USDT 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-USDT is currently in the low zone, around 40.44644. This suggests that Curve DAO is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

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

Assess Curve DAO’s (CRVUSDT) risks at 4.15e-01 USDT with bearish technical analysis, highlighting weakened support and cautionary indicators.

Missing our detailed breakdown on CRV BTC Curve DAO Technical Analysis would be a lost opportunity if you found value in 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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