Curve DAO Token CRV price has a chance for another leap up
Today we will take a look at the CRVUSDT trading pair.
Our attention was drawn to the fact that during yesterday's market decline, CRV buyers kept the price above the strong mirror level of $0.95-1. As you can see from the trading history of CRVUSDT, this zone has often played the role of critical support and resistance levels.
In general, the growth of the CRVUSD price in January 2023 was x2.
If buyers of Curve DAO token manage to keep the price above the liquidity zone of $0.90-1 in the coming days, there is a good prospect of another +50% growth to the range of $1.35-1.50
An additional fact that Curve Finance has prospects can be evidenced by the Top of protocols with assets placed and blocked in them (TVL) (at the time of writing this idea):
1. Lido Finance ~ $8.0 billion,
2. MakerDAO ~ $7.0 billion,
3. Curve ~ $4.75 billion.
4. AAVE ~ $4.5 billion
5. Convex Finance ~ $4 billion
6. Uniswap ~ $3.8 billion
7. JustLend ~ $3.6 billion
8. PancakeSwap ~ $2.5 billion
_____________________
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Our attention was drawn to the fact that during yesterday's market decline, CRV buyers kept the price above the strong mirror level of $0.95-1. As you can see from the trading history of CRVUSDT, this zone has often played the role of critical support and resistance levels.
In general, the growth of the CRVUSD price in January 2023 was x2.
If buyers of Curve DAO token manage to keep the price above the liquidity zone of $0.90-1 in the coming days, there is a good prospect of another +50% growth to the range of $1.35-1.50
An additional fact that Curve Finance has prospects can be evidenced by the Top of protocols with assets placed and blocked in them (TVL) (at the time of writing this idea):
1. Lido Finance ~ $8.0 billion,
2. MakerDAO ~ $7.0 billion,
3. Curve ~ $4.75 billion.
4. AAVE ~ $4.5 billion
5. Convex Finance ~ $4 billion
6. Uniswap ~ $3.8 billion
7. JustLend ~ $3.6 billion
8. PancakeSwap ~ $2.5 billion
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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