The Analysis covers CRV
Curve DAO Token (CRV) may be in the early stages of reversing its downtrend. Price action on the daily chart is now consolidating above a highly significant support zone filled with technical signals that often attract buyers and mark turning points.
- CRV is holding above a cluster of key levels—the value area low, 0.618 Fibonacci retracement, and a nearby swing low—indicating that bulls are defending this area.
- A reclaim and steady hold above the key swing low would signal the formation of a higher low, which typically precedes upward continuation.
- A volume increase paired with VWAP holding near this zone would strengthen the bullish case and suggest a potential breakout.
CRV's price is forming what looks like a textbook higher low—an early indicator of a potential shift toward a bullish trend. The current range aligns several critical support indicators: the 0.618 Fib retracement, the value area low, and a local swing low, all layered near a weekly S/R flip. This overlap strengthens the probability of a solid base forming.
The slow, steady price movement just above this zone often hints at accumulation. A quick dip below the swing low and sharp recovery (liquidity grab) could be the final signal before a breakout. If the value area high begins acting as support, it would show growing buyer confidence and a willingness to buy pullbacks.
Should bulls hold the current zone and drive price above the value area high with increasing volume, CRV may be ready to break higher. With accumulation underway, any push above local highs could kick off a stronger trend move. For now, the market is watching to see if the higher low holds firm.
Curve DAO Token (CRV) may be in the early stages of reversing its downtrend. Price action on the daily chart is now consolidating above a highly significant support zone filled with technical signals that often attract buyers and mark turning points.
- CRV is holding above a cluster of key levels—the value area low, 0.618 Fibonacci retracement, and a nearby swing low—indicating that bulls are defending this area.
- A reclaim and steady hold above the key swing low would signal the formation of a higher low, which typically precedes upward continuation.
- A volume increase paired with VWAP holding near this zone would strengthen the bullish case and suggest a potential breakout.
CRV's price is forming what looks like a textbook higher low—an early indicator of a potential shift toward a bullish trend. The current range aligns several critical support indicators: the 0.618 Fib retracement, the value area low, and a local swing low, all layered near a weekly S/R flip. This overlap strengthens the probability of a solid base forming.
The slow, steady price movement just above this zone often hints at accumulation. A quick dip below the swing low and sharp recovery (liquidity grab) could be the final signal before a breakout. If the value area high begins acting as support, it would show growing buyer confidence and a willingness to buy pullbacks.
Should bulls hold the current zone and drive price above the value area high with increasing volume, CRV may be ready to break higher. With accumulation underway, any push above local highs could kick off a stronger trend move. For now, the market is watching to see if the higher low holds firm.
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Free Alpha Group t.me/freetradingden
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.