Price Analysis

CRV Price analysis: CRV Losing Streak May Plunge Below $1.05 Support

With three consecutive red candles, the CRV sellers target the $01.05 mark, which may replenish the bullish momentum for the upcoming rally
Published by
CRV Price analysis: CRV Losing Streak May Plunge Below $1.05 Support

The Curve Dao (CRV) technique chart shows a constant rally with new higher highs and lows. However, as the Bitcoin price slides lower, the majority of altcoin follows the path, and so does the CRV price. This downfall may soon challenge the immediate support ( $1.05), extending the ongoing correction.

Advertisement

Key points:

  • The falling CRV price closing to$1.05 support breakdown
  • The MACD indicator showcased a bearish crossover in the daily time frame chart
  • The intraday trading volume in the Curve Dao token is $197.6 Million, indicating a 23.6% drop.

Source- Tradingview

The July month’s recovery completely offsets June’s downfall, showcasing a V-shaped recovery in the daily time frame chart. The CRV price bounced from the $0.543 low and surged 185% to mark a record high of $1.53.

However, in response to the current sell-off in the crypto market, the CRV price immediately reverted from the $1.53 mark and triggered another pullback opportunity. A downfall with four consecutive red candles has depreciated the altcoin by 25%, which currently trades at the $1.13 mark.

If the downward spiral continues, the CRV price may retest the aligned support of $1.05 and the 0.5 Fibonacci retracement level. The combined support may act as a suitable footing from which buyers can continue the prevailing recovery.

Thus, the potential rally could climb 40% from $1.05 support and rechallenge the overhead resistance of $1.53.

On a contrary note, a breakdown from the 50% retracement level($1.05) would indicate weakness in bullish momentum. The resulting downfall would find a significant demand zone 17.5% lower to $0.868.                                                                                                                                                                                                                        

Advertisement

Technical analysis

MACD indicator: A bearish crossover between the fast and slow line projects a sell signal. A potential spread between these lines will accentuate the rising bearish momentum.

Bollinger band indicator: during the recovery phase, the altcoin constantly retested the indicator’s upper band, indicating aggressive buyers from traders. However, the current retracement nosedive below the midline suggests the price may witness a significant correction.

  • Resistance levels- $1.3, and $1.52
  • Support levels- $1.05 and 0.868

Share
Brian Bollinger

From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at) coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

XRP Price Forecast: Analyst Eyes $127 as BlackRock Joins Ripple Swell 2025

XRP price has stayed in the spotlight, pushing through mixed phases while holding steady above…

September 6, 2025
  • Price Analysis

Chainlink Price Eyes $55 as Reserve Holdings Jump With 43,937 LINK Addition

Chainlink price has been carving a path of resilience, supported by steady inflows and consistent…

September 6, 2025
  • Price Analysis

Cardano Price Targets 30% Surge as Top Economist Calls for Fed Cut

Cardano price is eying a 30% surge in the coming weeks after forming a highly…

September 5, 2025
  • Price Analysis

ETH Price Forecast as Grayscale’s Covered Call Ethereum ETF Spurs Optimism — Is $8,500 in Sight?

Ethereum ETF products have gained increased attention as the market observes new institutional entries. At…

September 5, 2025
  • Price Analysis

Bitcoin Price Prediction as SEC Unveils Agenda for Crypto Regulation — Is $200K Next?

Bitcoin price has continued to draw attention as the market reacts to fresh catalysts. At…

September 5, 2025
  • Price Analysis

ONDO Price Prediction Amid Bitget Collaboration on Tokenized Stocks and ETFs: Is $2 Next?

At press time, ONDO trades at $0.9083, marking a 5.2% drop in the past day.…

September 5, 2025