Curve Dao Coin Revisits The 2022 Bottom Support; Accumulate Again?

The 20% intraday drop in Curve dao coin offers an excellent follow-up on yesterday’s downfall in the crypto market. In addition, the long red candle breached the $0.682 support, offering more ground in sellers’ control. Should you sell your CRV now or wait for price recovery?

Key points:

• The Curve dao coin price breaks another support of $0.682
• The daily-RSI slope may soon dive into the oversold region
• The intraday trading volume in the CRV token is $183.4 Million, indicating a 15% gain.

Source-  Tradingview 

In response to the ongoing bloodbath in the crypto market, the Curve Dao price turned down from the $1 psychological resistance with a massive red candle. However, It seems the major reason behind the market’s sharp sell-off is due to the FTX crypto exchange liquidity crisis and FUD surrounding it. 

This downfall registered a 40% loss in the last two days and plunged the price to the $0.6 mark. Furthermore, the prices breached several support levels during the downfall, such as $0.86, $0.8, and, just recently, $0.682.

This breakdown offers additional resistance is sellers’ to pull the CRV price lower Moreover, a significant surge in volume during the price drop reflected a high momentum fall. Thus, with sustained selling, the Curve dao coin price tumble 8.75% down to revisit the 2022 button support of $0.561.

Nonetheless, crypto investors should keep a close eye on the possible price behavior at $0.561 as it will influence the near-term future.,

Technical Indicator

MACD indicator: a bearish crossover between the MACD and signal bolster seller to plummet the prices back to support $0.561. Moreover, these slopes dived into the bearish territory, indicating negative sentiment among market participants.,

Bollinger band: the falling prices breached the indicator’s support trendline, suggesting selling from trades that need to be stabilized.

curve Dao Price Intraday level

• Spot price: $0.61
• Trend: Bearish
• Volatility: Low,
• Resistance levels- $0.68 and  $0.8
• Support levels- $0.56 and $0.4