The CRV Technical Analysis displays a declining trend within the influence of a resistance trendline leading to a descending triangle pattern. The CRV price action displays a 44% decline in the market value with the recent descending triangle pattern forming in the daily chart. Currently, the price action shows a consolidation phase which may shortly lead to a breakout entry opportunity. Key Points: The Curve Dao price action shows a long-coming resistance trend line in the daily chart. The declining trend in the crucial daily EMAs project a long-term bearish trend. The intraday trading volume in Curve Dao is $60 million. Source – TradingView CRV Technical Analysis The CRV price action shows a bullish failure to exceed the $1.5 resistance level leading to a declining trend under the influence of a resistance trendline. Furthermore, the price action displays a descending triangle pattern forming in the daily chart. The bearish pattern accounts for a 40% decline in market value within two months resulting in the fallout of $1 and the 50-day EMA. Currently, the market value takes support at the $0.85 horizontal level leading to a consolidation range with the overhead resistance of $1. Furthermore, the increasing number of Doji candles projects a high likelihood of a bullish turnaround. Hence the bullish breakout of the consolidation range will unleash the trapped momentum resulting in a jump, potentially leading to a bullish brea...
