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Will Curve [CRV] reclaim its short-term $0.5 high? Assessing…
The post Will Curve [CRV] reclaim its short-term $0.5 high? Assessing… appeared on BitcoinEthereumNews.com. Curve breaks out on the higher time frame. Why are big holders offloading amid upcoming altseason? Curve [CRV] has recently broken out on the 2-day timeframe, signaling potential for a price increase. Using the Lux Algo indicator, CRV successfully retested the breakout level and now targets new highs. After completing a five-wave bottom, CRV established support at $0.30, with resistance identified at $0.42. However, whether CRV will reach its short-term high of $0.50 remains uncertain. Source: TradingView CRV has also broken out of its consolidation at press time as well, with price action suggesting a possible retest of the $0.30 or $0.33 levels. These levels may provide buying opportunities, though aggressive buying could be psychologically challenging for some investors. Source: TradingView Will altseason boost CRV? The broader altcoin market is also showing signs of strength. Altcoins are on the brink of breaking out of a nine-month falling wedge on the weekly timeframe, a move that could further boost CRV’s price. The total market cap of altcoins is currently at levels last seen in 2023, suggesting that a similar surge may be on the horizon. This could attract bullish momentum, potentially driving CRV higher. Source: el_crypto_prof/X Liquidation levels and market cap CRV is slowly recovering, along with other cryptocurrencies, with liquidity resting at $22.36K around the $0.50 price level at press time. As CRV orders continue to be filled, reaching this level in the near future seems plausible. Source: Hyblock Capital The press time market cap of CRV was $385 million, with a trading volume of $157 million. This resulted in a volume-to-market cap ratio of 42.22%, indicating high liquidity and a stable market with low volatility. Despite these positives, the total value locked in CRV has remained low. Source: DefiLlama Are DWF Labs offloading CRV? DWF Labs, a significant holder…
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The post Will Curve [CRV] reclaim its short-term $0.5 high? Assessing… appeared on BitcoinEthereumNews.com.
Curve breaks out on the higher time frame. Why are big holders offloading amid upcoming altseason? Curve [CRV] has recently broken out on the 2-day timeframe, signaling potential for a price increase. Using the Lux Algo indicator, CRV successfully retested the breakout level and now targets new highs. After completing a five-wave bottom, CRV established support at $0.30, with resistance identified at $0.42. However, whether CRV will reach its short-term high of $0.50 remains uncertain. Source: TradingView CRV has also broken out of its consolidation at press time as well, with price action suggesting a possible retest of the $0.30 or $0.33 levels. These levels may provide buying opportunities, though aggressive buying could be psychologically challenging for some investors. Source: TradingView Will altseason boost CRV? The broader altcoin market is also showing signs of strength. Altcoins are on the brink of breaking out of a nine-month falling wedge on the weekly timeframe, a move that could further boost CRV’s price. The total market cap of altcoins is currently at levels last seen in 2023, suggesting that a similar surge may be on the horizon. This could attract bullish momentum, potentially driving CRV higher. Source: el_crypto_prof/X Liquidation levels and market cap CRV is slowly recovering, along with other cryptocurrencies, with liquidity resting at $22.36K around the $0.50 price level at press time. As CRV orders continue to be filled, reaching this level in the near future seems plausible. Source: Hyblock Capital The press time market cap of CRV was $385 million, with a trading volume of $157 million. This resulted in a volume-to-market cap ratio of 42.22%, indicating high liquidity and a stable market with low volatility. Despite these positives, the total value locked in CRV has remained low. Source: DefiLlama Are DWF Labs offloading CRV? DWF Labs, a significant holder…
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