CRV analysis: Looks bullish for mid-termLSE:CRV has been consolidating within a triangle pattern for almost four years, and it is now on the verge of breaking out either above or below this pattern. It is most likely to be a bullish breakout, potentially moving upward toward three main targets specified on the chart: $0.90, $1.65, and $4.48 over the next few months.
Crvdao
Curve DAO CRV price perhaps it's time to surprise the hodlers?)Today, we are going to give you a medium- and maybe even long-term idea for the CRVUSDT price to make it easier to follow.
Recently, the CRV price has finally managed to show some growth and break through the trendline.
Now, theoretically, price may be testing trend line "strength".
If everything goes well, and the CRVUSD price is not allowed to fall below the critical level of $0.50 , then there is a chance for growth.
The minimum upside target is $1.30 per CRV
The maximum target (with the current input data) is around $2.50
Fundamentally, the Curve Dao project is strong, the creator has a mathematical mindset, if only he had a team of marketers like memecoins, then everything would go where it should)
CRV trying to take back the golden age!In the monthly timeframe, CRV is showing signs of a potential reversal as it forms a three-drive pattern, indicating a possible move towards the $1.7 to $2.44 range. This price action aligns with the Total Value Locked (TVL) of CRV and suggests a return to previous levels. Keep a close eye on CRV after it reaches this target, as it could potentially surge towards $5 or even higher.
Curve / US Dollars (CRVUSDT) Token Analysis 11/09/2023Fundamental analysis:
Curve functions as a decentralized exchange specializing in stablecoins, employing an automated market maker (AMM) to oversee liquidity management.
Its journey began in January 2020, and Curve has since become closely associated with the decentralized finance (DeFi) movement, experiencing substantial growth in the latter part of 2020.
In August, Curve introduced a decentralized autonomous organization (DAO) featuring CRV as its native token. This DAO leverages the Ethereum-based creation tool, Aragon, to establish connections among various smart contracts responsible for handling users' deposited liquidity. It's worth noting that governance within this DAO differs in terms of its weighting and other key aspects compared to Aragon.
Curve has garnered significant attention by fulfilling its role as an Automated Market Maker (AMM) specifically designed for stablecoin trading.
The introduction of the DAO and CRV token has added to its profitability, as CRV serves a governance function and is distributed to users based on their level of liquidity commitment and the duration of their ownership.
The surge in DeFi trading has solidified Curve's position in the industry, as AMMs continue to handle substantial amounts of liquidity, leading to increased user profits.
Consequently, Curve caters to a broad spectrum of DeFi participants, including those engaged in yield farming and liquidity mining, as well as individuals seeking to optimize returns while holding relatively stable and non-volatile stablecoins.
The platform generates revenue by imposing a modest fee, which is then rewarded to liquidity providers.
Curve entails the typical risks associated with depositing funds into smart contracts and engaging with Automated Market Makers (AMMs), primarily the risk of impermanent loss.
Given that Curve exclusively deals with stablecoins, the likelihood of rapid market fluctuations is diminished. However, users may still experience losses when markets undergo rebalancing to align with cross-market price adjustments.
While Curve has undergone audits, it's essential to recognize that these audits do not eliminate the inherent risks associated with exposure to a particular cryptocurrency.
Curve (CRV) made its debut in August 2020, coinciding with the launch of the Curve DAO. Its primary role is to serve as a governance mechanism, provide incentives, facilitate fee payments, and offer a means for long-term earnings to liquidity providers.
The total supply of CRV tokens amounts to 3.03 billion, with the majority (62%) allocated to liquidity providers. The remaining tokens are distributed as follows: 30% to shareholders, 3% to employees, and 5% to a community reserve. It's important to note that both shareholder and employee allocations are subject to a two-year vesting schedule.
CRV did not undergo a premine, and the gradual unlocking of tokens indicates that approximately 750 million tokens should be in circulation one year after the initial launch.
The founder and CEO of Curve is Michael Egorov, a Russian scientist with diverse experience in cryptocurrency-related ventures.
In 2015, he co-founded NuCypher, where he assumed the role of CTO. NuCypher is a cryptocurrency company focused on developing privacy-preserving infrastructure and protocols.
Egorov is also the brain behind LoanCoin, a decentralized bank and loans network.
Curve's core team is integrated into the CRV allocation structure, entitling them to receive tokens over a two-year vesting period as per the initial launch plan.
In August 2020, Egorov acknowledged that he had "overreacted" by locking up a significant number of CRV tokens in response to yearn.finance's voting power, resulting in him obtaining 71% of governance control in the process.
Technical Analysis:
As we observe, the price is currently trading within a range bounded by the Fibonacci retracement levels of 78.6% and 95%. Notably, there is a potential support level at $0.15.
For the anticipated bullish cycles, we have established three potential price targets:
First Target Price (1TP): $6.75
Second Target Price (2TP): $8.5
Third Target Price (3TP): $11
It's worth noting that there are multiple resistance levels marked on the chart, corresponding to the Fibonacci retracement levels.
Sentiment Analysis:
Considering the possibility of depreciation in the total market capitalization of cryptocurrencies and the price of Bitcoin (BTC) in the upcoming months, it is reasonable to consider employing a Dollar Cost Averaging (DCA) strategy for long positions at the specified support levels and current Price.
Curve DAO Token CRV price has a chance for another leap upToday 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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Curve Dao Token price prediction today - Short Trade setupBINANCE:CRVUSDT BYBIT:CRVUSDT.P
Curve Dao Token price prediction today - Short Trade!! 🔥📉
I show why I took the short trade where I did, the levels below I am looking at for possible take profits.
Not Financial Advice. DYOR. Papertrade before trading with real money.
Hope you have a profitable trading day!
Shawn
CRVUSDT 3D CRV buy zone before a potentially good move upToday we will consider the trading pair CRVUSDT
Our attention was drawn to the fact that CRV buyers held the price above the strong mirror level of $0.95-1 during yesterday's market decline. As we can see from the history of CRVUSDT trading, this zone often played the role of critical support and resistance levels.
In general, currently, the CRVUSD price made a rather weak correction after the growth since June 2022. This may indicate one of two things: either the correction is not over yet, or CRV holders and buyers are aiming to break through the trend line and push the price higher in the near future.
To cover both assumptions at once, you can place buy orders in a wide range of $0.82-1 and the result can be a tasty average price.
An additional fact that there are prospects in the Curve Finance can be evidenced by the top of protocols with assets placed and locked in them (TVL)
1. MakerDAO ~ $8.0bn,
2. Lido Finance ~ $6.8bn,
3. Curve ~ $5.8bn
4. Uniswap ~ $5.6bn
5. AAVE ~ $4.7bn
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
CRV DAO Technical analysis - Confluence in this area to go long?BINANCE:CRVUSDT BYBIT:CRVUSDT
CRV DAO Technical Analysis
CRV is trading in a symmetrical triangle and the lower trendline is acting as support right now. I map out a few scenarios that could play out with this crypto coin
Not Financial Advice. DYOR. Papertrade before trading with real money.
Safe Trading,
Shawn
💎 CRV READY TO CLIMB 💎Everything on the chart
CRV hold 4.2 and create a volume floor to hold this fib
Now if we break 5 we have to see fib .618 at 5.3
After this new highs 🚀
Why this climb? Now is not a pump, in this week CRV open a new pool CRV/ETH and in this week eth is pumped hard and overperformed btc, well is time for CRV after a consolidation to climb again.
DIOR
CRV Expecting 20% to 30% Gains in this week. $7 Price TargetCRV Expecting 20% to 30% Gains in this week. For every ~10% pullback, it is gaining ~20 to 30%. In this month this pattern was repeated 2 times in a row. This might hit $7 in this week. Dont Panic. Long run my PT is $20.
Note: Not financial advice.
Curve (CRV): All levels to watch!I made a simple cheatsheet for you, look to levels.
My Bias: Bullish
Basis:
4H MACD: Bullish
4H RSI: Bullish
EMA 12H: Support Price
Volume 1H: Increase
look nice to me, be patient.
BTC: 1Gro97DoABk7BMegn5TKopmMXLKQefej9r
XRP: rw7wnYPy8ZR542piPUNcz8fzmkNZY27WXS
BNB: bnb1r2r3rzad7v0lkmhr4kn6wp5stsr7ur8gknvqp2
UNI: 0x112F395E94a7084Ca6dAa9Ba1462192Ac56570F5
USDT: 0x112F395E94a7084Ca6dAa9Ba1462192Ac56570F5