- The token price analysis of the DAO curve is showing an upward trend.
- The current support level is set at $1.0.
- The main resistance level to break is seen at $1.20.
Curve DAO (CRV) is consolidating around $1.10 after forming a bullish cup and handle on the daily chart. The technical pattern usually indicates the continuation of the bullish trend and means that the bulls will remain in control in the near future. Curve DAO Token is trading at $1.10 after retesting the $1.00 support level set at the beginning of the year.
The former resistance has turned into support, creating a higher low and indicating that the price is trying to find a foothold after a slow start this month. Technical indicators support the bullish view as both the short and long term moving averages have crossed and the RSI climbs above 65.
The bulls have their sights set on the key resistance level at $1.20, which is also the current top for this asset and has been intact since December 2022. The price action over the next few days will determine whether or not the bulls can break this level as a successful breach could open the door to higher levels. .
On the downside, if prices fail to break above $1.20, the $1.00 support level will be retested and could mark the end of this bullish trend for now. However,…
The DAO token consolidated the subsequent curve above $1.10 like a bull targeting (NYSE:) A higher level appeared first in the coin issuance.