The Curve Dao(CRV) prices break the 100-day SMA in hopes to cross above $1.50. Will the uptrend be successful to start a bull run above $1.50? Key technical points: The CRV prices jumped by 8.14% in the last 24 hours. The market value of Curve Dao breaks above the 100-day SMA. The 24-hour trading volume of Curve Dao is $409 Million, indicating a hike of 38%. Past Performance of CRV As mentioned in our previous analysis, the Symmetrical triangle Breakout rally drives the Curve Dao(CRV) higher above the 100-day SMA. Additionally, the bullish reversal from the $0.55 mark responsible for the bullish breakout of the triangle pattern, accounts for a 144 % jump in the last month. The ongoing bull run challenges the psychological mark of $1.50 in an attempt to reach the $2 mark. Source- Tradingview CRV Technical Analysis The daily candle in the CRV price chart shows the higher price rejection due to the increased selling pressure above $1.50. Hence, traders hoping to find a bullish trend continuation must wait for a price action confirmation to avoid any traps. The RSI indicator shows a solid underlying bullishness as the RSI slope sustains a sideways trend in the nearly overbought zone. Furthermore, the 14-day SMA provides bullish support and avoids any major downfall. With an ongoing uptrend in the bullish histograms, the MACD indicator displays a positive trend in the fast and slow lines. Hence the technical indicator project a hig...
