How Far The Rising Curve Dao Coin Price May Reach In Coming Week

How Far The Rising Curve Dao Coin Price May Reach In Coming Week

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How Far The Rising Curve Dao Coin Price May Reach In Coming Week

CoinGape5 days ago
ResistanceResistance
Published on November 24, 2022 20:28 GMT+00:00edited on November 24, 2022 21:01 GMT+00:00

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CRV Short Squeeze: Here’s Why Curve DAO Token Price Shooting Up

A V-shaped recovery in Curve Dao coin price offsets the recent breakdown from the $0.534 monthly support. This fake breakdown scenario brought more buying orders into the market by forced liquidating the trapped short sellers. However, the ongoing rally may soon retest the four-month long resistance trendline to replenish the bear momentum

Key points:

  • A daily candle closing above the $0.535 level will accelerate the bullish momentum
  • The trendline breakout is needed to establish a sustained uptrend.
  • The intraday trading volume in the CRV token is $629.5 Million, indicating a 1000.5% gain.

 

Curve dao coinSource- Tradingview 

Under the influence of a downsloping trendline, the Curve Dao coin price has witnessed a steady downfall over the past four months. The several reversals from this dynamic …