Claim $500How Range Breakdown will Influence Future Prices For Curve Dao Coin?
Following the August second half correction, the Curve Dao coin price plummeted to the $1-$0.988 support. Since last month, the altcoin cushion at this support indicates the traders are buying at dips. The post-correction rally couldn’t surpass the $1.25 resistance and formed a narrow price range. This range ended in the sellers’ favor, hints the resumption of prior correction.
Key points:
- A post-retest downfall could tumble CRV price by 11% to break $0.867
- The $0.867 support is aligned with 0.618 Fibonacci retracement levels.
- The intraday trading volume in the CRV token is $125.6 Million, indicating a 98% gain.
Source-Tradingview
Amid last week’s sell-off in the crypto market, the CRV price turned down from $1.25. The downfall registered a 28.5% loss and plunged to a low of $0.9. As a result, the altcoin price dramatically broke from $1-$0.988 support.
This breakdown should assist sellers in extending the correction rally to the $0.867 mark.
Today, the coin price is 3.75% up and shows a retest to the breached resistance level. However, the lower price rejection to the last two days’ candle and higher volume activity for the retest phase indicates weakness in bull momentum.
Thus, if the coin buyers push a candle closing above the $1 resistance, the fake breakdown scenario will drive the prices higher and continue the prior consolidation for a few more sessions.
On a contrary note, if the coin sustains below the $1 mark, the selling pressure would gradually rise and slump the prices to $0.65 support.
Technical Indicator
RSI: The market sentiment is bearish as the daily-RSI slope moves below the mean line. However, the indicator value is still higher than the previous lows, indicating weakness in bearish momentum.
EMAs: the coin price trading below the downsloping crucial EMAs(20, 50, 100, and 200) hints a bear trend is active. Moreover, among these EMAs, the 20-day EMA offers dynamic resistance.
Curve Dao Coin Intraday Level
- Spot price: $0.964
- Trend: bullish:
- Volatility: media,
- Resistance levels- $1.56, and $1.73
- Support levels- $1.3 and 1.08
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.
Premium Partners
Related Articles
- Crypto Gains New Use Case as Iran Turns to Digital Assets for Weapon Sales
- Bitcoin Could Rally to $170,000 in 2026 If This Happens: CryptoQuant
- Lighter Team Under Fire After Alleged $7.18M LIT Token Dump Post-Airdrop
- Binance Market Maker Hack: Trader Rakes in $1M via Failed BROCCOLI Price Manipulation
- Breaking: UK Begins New Initiative to Crack Down on Crypto Tax Evasion
- Shiba Inu Price Eyes a 45% Rebound as Burn Rate Spikes 10,700%
- Expert Predicts Ethereum Price Rebound to $4k as BitMine, Long-Term Holders Buy
- Bitcoin Price Prediction Ahead of FOMC Minutes
- U.S. Government Shutdown Looms: These 3 Crypto Predictions Could Explode
- Grayscale Files for First U.S. Bittensor ETF: Will TAO Price Rally to $300 in January?
- Shiba Inu Price Prediction: Will SHIB Show Golden Cross Signal in 2026?
