DAO (CRV) curve: it can be $ 0.42 next – here you should know star-news.press/wp

• The price of the distinctive code for the currency has decreased 32 % in a little more than two weeks.
• Its declining structure and a lack of demand means that the decrease to $ 0.42 was likely.
  

Curve Dao Token (CRV) was heading down during the past month, and heavy sale did not stop.

Although Bitcoin (BTC) has recorded some gains since Monday, CRV has not been able to match the leading encryption performance.

It was circulated without its lowest level on June 23, a testimony to the strength of the bears. It seems likely to move to $ 0.4 to $ 0.42 in June.

The distinctive code fails to 0.7 dollars, as the momentum was firm now

In November and December, the gathering was strong, but the weekly graph revealed that the rejection came at the top of two weeks from early 2023.

This hint is in a 30 -month unification stage for curve. Altseason in November failed to create a bullish trend on the weekly time frame.

The merger, or the composition of the (white) range, extended from $ 0.23 to $ 1.20. Over the past two months, CRV has tested $ 0.82 resistance but was unable to stay above the average level at $ 0.72.

This failure indicated the possibility of a deep decline, which may decrease to $ 0.38 or even low up to $ 0.23.

In the daily time frame, Curve Dao (CRV) shows a declining market structure.

Earlier in June, the price tested the level of 0.70 dollars, spent as a supply zone, but was firmly rejected. Since then, CRV decreased by 32 %.

The flow of Chaikin (CMF) has been less than +05 since the November Rally, indicating the pressure of continuous sale.

Likewise, the size of the balance (OBV) reflects a shift in controlling sellers, following a short increase in demand during late March and early April.

The upscale demand block may be between $ 0.42 and $ 0.50 (highlighted in the heavenly) as a strong demand zone.

The bulls are expected to defend from this area, and merchants should watch closely to obtain signs of reflection direction here.

However, with the continued moving averages referring to the landfill, caution is recommended. Entering the long positions can be very early without confirming the reflection.

Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer