According to coinmarketcap, the total supply of CRV is around 1.35B CRV and around 437M of the CRV are in circulation at the moment. It holds the 69th rank according to market cap and has a market dominance of about 0.213%.
At the time of writing, CRV is being traded at the price of $4.25 with an increase of almost 5% in the last 24 hours. The maximum and minimum today are $4.29 and $3.79 respectively. The daily trading volume has also increased by almost 45%. CRV had created its ATH in November 2021 and reached a price of almost $6.339. The price during the crash dropped down to a price of almost $1.057 in the month of July 2021. Overall the price is moving to higher highs. In November, we saw an increase of almost 13.5%. This month, we have seen a decrease of almost 21.5%.
Technical Analysis – Curve Dao Token (CRV)
It can be seen on the daily time frame, that the price of CRV had been printing red candles for the past two days. Before the new higher low and the lower low, the price was in a descending channel. The price did a fake-out and broke upwards but it couldn’t support itself and the price dropped.
CRV went on to create a new lower low and that broke back into the channel. During this, the price had created an order block that remained unmitigated for a long time. This level got touched two days ago and CRV had a reaction from this price.
Now there is no reason for the price of CRV to go up and we can expect the drop now. Lower time frame confirmations should be taken into consideration to have a cleaner entry in the price. It can be a long if the price gets rejected from the trend line.
Price Prediction – Curve Dao Token (CRV)
CRV is a good investment and is going to provide great returns. Wallet investor considers it to be a really good investment as well. According to them, in a year the price is expected to reach a value of $15.544. In five years the price is expected to reach a value of $6.398. Traders on the other hand are very bullish on the price and think that it wouldn’t be long before CRV moves up to create a new ATH.
