- CRV Token price action forms a rising channel in the daily chart.
- The support from the support trendline has pushed the price back within the pattern.
- The pair CRV/ETH is trading at 0.00005735 ETH with an intraday fall of -5.13%.
CRV Coin price action forms a bullish engulfing candlestick in the daily Technical Chart. It indicates that bullish sentiments are rising, resulting from the demand met near the support trendline.
The rising buying pressure is evident in the intraday volume growth that exceeds the 20-day volume MA. In addition, the bullish alignment of daily EMAs is rising higher, which indicate a bull run.
CRV Token prices trade at $2.77. It represents a -3.15% decrease in 24 hours, suggesting that the price is in a retracement phase. However, the coin’s intraday trading volume increased by +10%
CRV Token’s Price In 4-Hour Chart
CRV token prices increase in a bullish direction as the price consolidates after rising higher in the 4-hour chart. As a result, investors may view the price-action decline to trendline as an opportunity for entry with minimal risk.
According to Fibonacci levels, the demand levels are at $2.7 and $2.3, respectively. Therefore, if bulls keep the bullish trend at either support level, they could face resistance from $3 to $3.35.
The EMAs on the 4-hour technical chart have greater power and maintain bullish alignment due to the price increase with a positive slope. It can therefore keep prices steady during a bullish movement. Also, the inclined volume on the chart indicates a strong bullish run.
The ADX Index can indicate a rise in trend momentum.
Parabolic SARs indicate that bulls have overtaken trend control.
The RSI indicator indicates a substantial rise in bullish inclination.
Conclusion: CRV token’s prices find demand near the support trendline of the rising channel. The token price may soon rise higher to approach the resistance trendline. The support from the Fibonacci levels helps to maintain the bullish phase.
Support – $2.7 and $2.3
Resistance – $3 and $3.4