There is a struggle among investors to keep CRV price above $2.5The Curve DAO Token price is trading lower below the crucial $2.6 support level after breaking down of Triangle pattern.
The Curve DAO Token is remaining below the significant moving averages (such as 20,50,100 and 200 MAs) over the daily price chart.
The RSI has been consolidating below the half-line (50-mark) since mid-Jan in terms of a daily price chart. RSI attempted multiple times to expend above 50-mark. At the time of writing, the daily RSI is at 42-level. Bulls may act aggressively above the 50-mark.
The Ichimoku indicator is still reflecting the bearish zone over the daily price graph. Where Leading Span A is at $2.56, and Leading Span B is at $3.68.
Curve DAO investors can feel safe above the demand zone (Green Zone), below the $2.0 support level, CRV token price could turn more bearish.
Resistance level- $2.7 and $3.5
Support level- $2.0 and $1.2
