Curve DAO Price Prediction: Near defending area, how could you manage to keep CRV token? 

• The Curve DAO token Price appears  near above the Demand zone after slipping from $3.0 Mark.
• The CRV Token’s price presents far below the red moving lines of the EMA Ribbon indicator as per the daily price graph.
• CRV token has noted the 17% drop in its trading volume over the last night.

After falling from the $3.0 mark, the Curve DAO token price is witnessing bear above the Demand zone (resistance). However, the CRV has been underperforming over the previous couple days after reaching its peak in 2021. Recently, the coin price fell to its lowest level in 2022, $1.89, and then recovered by forming a hammer candle on February 24.

panic-sellers are becoming aggressive near the sloping trendline (white); Therefore, the CRV token appears to be solid bearish on the weekly price chart after breaking the ascending parallel channel (blue).

The price action of the CRV token is inside a narrow horizontal range, so the bulls are struggling for an upward move. Thus, the CRV token is trading at $2.25 at the time of writing as it has lost 2.3% in value over the past 24 hours, according to CMC.

During the sideways movement, trading volume indicates traders’ internal activity, while the coin lost 17% of volume last night. However, the price of the CRV token is trading well below the red moving lines of the EMA Ribbon indicator as per the daily price graph. During the recovery, $2.4 to $2.6 could influence a short-term directional trend.

Negativity is still exist in CRV token 

The RSI indicator turned bearish after a 66-point reversal with a double top formation. At that time RSI was present at 42 level (below 50-mark) and forming a low-low in terms of daily price graph.

The ADX indicator looks sideways at 21 points, with the curve suggesting a sideways zone for the DAO token.

Conclusion

The bulls have not been trying to manage the curve DAO token above the demand area (green) for the past 3 days. Below the crucial support level of $2.0, buyers could witness a bloodbath.

Resistance level- $3.0 and $3.5

Support level- $2.0 and $1.2

Disclaimer 

 The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.