X

CURVE DAO Technical Analysis: Bullish sentiments in the market chasing SMA-200

  • The token has a 24 hours trading volume of 146,786,911 and a gain of 19.45% was marked.
  • The token has marked the bullish doji star in the last 24 hours.
  • The RSI oscillator shows the action of BUY.

The token has been running well below its 200 days moving average and inbound movement with its 50 days moving average is continuing. The chart above shows the movement of the token with respect to SMA-20, SMA-50 and SMA-200. Along with it an RSI oscillator is also present. The market was bearish in the starting of month June but later the pattern shifted to bullish and an uptrend was seen marked by the trendline.

SMA-20 has been running above SMA-50 now and the candles forming now have almost reached SMA-200.

RSI oscillator for the last 5 hours shows the value of 65.172 marks the buy action. MA-5, MA-10 and MA-20 show the same buy action. Bull/Bear power shows the value of 0.2374 and marks the buy action as well.

The CRV-BTC pair is trailing at 0.00005654 and the gain by 5.77% was seen whereas the CRV-ETH pair is trailing at 0.000843 with the gain of 6.74% was seen in the last 24 hours. The volume/market cap of this token is 0.1976 and its market dominance is 0.05%. The token has shown the percentage gain by 9.74% since yesterday’s open.

Conclusion: The token has the days range of 1.6859-1.9858 and presently runs at 1.9557. The token has almost reached SMA-200 and is trailing above SMA-50. It has been assumed that the hike in price would continue for another 3-4 days. In the month of June the token has provided the returns of 10-15% on an average.

Technical Instruments:

Pivot: 1.8868

R-1: 1.9342

R-2: 1.9635

S-1: 1.8394

S-2: 1.8101

(Note- The unit is USD)

Categories: Markets News
Antonio K Smith: Antonio is a travel photographer by profession and came across the Crypto world during his profession. Since then his love, knowledge and interest towards the technology have increased. He brings his passion to create in his articles.