Accumulate

Flow

2024

Spot

<p>In the aftermath of the $CRV liquidation crisis, six whales have accumulated 55.26 million <a href="https://coinmarketcap.com/currencies/curve-dao-token/" target="_blank" rel="noopener noreferrer nofollow">$CRV tokens</a>, valued at approximately $19.4 million. This significant activity has sparked interest in the <a href="https://blockchainreporter.net/market/" rel="noopener noreferrer nofollow">crypto market</a>. Notably, five of these six whales are first-time accumulators of $CRV, contributing to a noticeable surge in first-time purchases over the past week. This trend reflects growing confidence among new investors in the potential recovery and long-term value of $CRV.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">Six whales have accumulated 55.26M <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$CRV</a> (~$19.4M) during the dip post- <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$CRV</a> liquidation crisis!<br><br>• 5 of the 6 whales are first-time accumulators. This is reflected in the surge in first-time purchases of <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$CRV</a> in the past week.<br><br>• The <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$CRV</a> price is up ~14% (24H), almost back to… <a href="https://t.co/DbBTipytcF" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/DbBTipytcF</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1803337953944674537?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 19, 2024</a>
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<p>The price of $CRV has seen a substantial recovery, rising by approximately 14% in the past 24 hours. This increase brings the token’s value almost back to its pre-liquidation crisis levels, signaling a positive turnaround in market sentiment.</p>
<h2 class="wp-block-heading" id="crv-price-review-how-are-things-looking-today">CRV Price Review: How are Things Looking Today?</h2>
<p>Analysing CRV price charts, we see that the chart highlights a rising wedge pattern, a bearish reversal pattern typically indicating a potential downward breakout. This pattern often precedes a bearish breakout. The price is nearing the apex of the wedge, suggesting an imminent breakout.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcEoVrBvIMpqMH4opFfTJNyRlNaLyPJaMzYlDYme6TGl8kCS1HPBpv8EOMVTXhf42lGwBJn4uwRL4piRtFlAPfooqxutfElxrr7rHyhFTl4WFSqlQg4_ixhN9JrTtW_YuWJem8LDEsxsugiJC4ompZkE7A?key=q5N7LtqeJ2rirtqLmEBNVQ" alt="">
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  4-hour CRV/USDT Chart | Source: <a href="https://www.tradingview.com/symbols/CRVUSDT/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>
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<p>On the other hand, the Money Flow Index (MFI) is currently at 49.83, indicating that the asset is neither overbought nor oversold. An MFI value rising above 50 would typically support a bullish scenario, but in the context of a rising wedge, it might signal overextended buying.</p>

Whales Accumulate $CRV Amid Post-Liquidation Crisis

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