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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/crv-price-analysis-heres-how-crv-can-rise-to-1/">CRV Price Analysis: Here’s How CRV Can Rise To $1!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
CRV price is trading in a falling channel with an overall bearish trend in the daily chart. The coin price is trading at a 99.16% discount from its all-time high of $60.50. These critical bearish data points make it difficult to imagine a bullish reversal in the Curve DAO token.&nbsp; 
However, the <a href="https://coinpedia.org/price-prediction/curve-dao-crv-price-prediction/" rel="noopener noreferrer nofollow">CRV price</a> trend seems to improve in the short-term trend, increasing the possibility of a bullish fightback. 
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 <img decoding="async" width="1024" height="463" src="https://image.coinpedia.org/wp-content/uploads/2023/09/25131742/CRVUSD_2023-09-25_12-49-50-1024x463.png" alt="" class="wp-image-232372" srcset="https://image.coinpedia.org/wp-content/uploads/2023/09/25131742/CRVUSD_2023-09-25_12-49-50-1024x463.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/09/25131742/CRVUSD_2023-09-25_12-49-50-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/09/25131742/CRVUSD_2023-09-25_12-49-50-768x347.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/09/25131742/CRVUSD_2023-09-25_12-49-50-1536x694.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/09/25131742/CRVUSD_2023-09-25_12-49-50-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/09/25131742/CRVUSD_2023-09-25_12-49-50.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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Reversing from the $0.40 mark, the CRV price starts a positive cycle in a falling channel present in the 1-D chart. Similar to most of the underperforming coins, the Curve DAO token fails to hold critical support levels and gives a bearish breakout.&nbsp; 
However, the current reversal breaks above the $0.49 barrier and reclaims the psychological mark of $0.50. Currently trading at $0.5080, the CRV price surpasses the 50-day EMA but struggles to sustain above the EMA.&nbsp; 
The overhead resistance at $0.60 proves to be the next barrier for the uptrend as per the price action. The higher price rejection in the previous daily candle reflects a significant supply inflow at the horizontal zone.&nbsp; 
Moreover, the technical indicators maintain an optimistic viewpoint on the upcoming trend.&nbsp; 
Technical indicators: 
MACD: The MACD and signal lines on the daily chart have crossed over and formed a bullish gap, increasing the likelihood of an uptrend. 
RSI: The daily relative strength index (RSI) line has risen from the oversold zone, indicating a potential bullish reversal. 
<h2 class="wp-block-heading" id="h-will-crv-price-reach-1">Will CRV Price Reach $1?</h2> 
The overall CRV price action reflects a rounding bottom pattern in the daily chart with possibilities of an inverted head and shoulder. Moreover, the positive cycle might improve the social sentiment around Curve DAO a bit.&nbsp; 
Considering the uptrend sustains in the CRV coin price, its market value can reach $0.80 with a $0.60 breakout. Moreover, the channel breakout will push the coin price to $1.&nbsp; 
On the flip side, a reversal below $0.50 will prolong the downtrend to $0.40.

CRV Price Analysis: Here’s How CRV Can Rise To $1!

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