⛔ Stop guessing ⛔ Use our free stock screener to find new opportunities fast Try Free Screener

Curve DAO Token Bleeds to $0.6651 as Market Downtrend Continues

Published 2023-01-12, 12:14 p/m
© Reuters.  Curve DAO Token Bleeds to $0.6651 as Market Downtrend Continues

Coin Edition -

  • Curve DAO Token price analysis shows a bearish market sentiment today.
  • CRV has struggled to maintain the support level of $0.6506.
  • Resistance to cryptocurrency is found at the $0.6816 mark.

Curve DAO Token price analysis shows the price function is facing bearish resistance once again after the bearish trend returns to the market. The price has receded back to the $0.6651 level during the last 4 hours, and it is expected that it will go through a further decline in the coming hours. There have been constant changes in trends as ups and downs can be seen in the price movements over the past days, with the balance of power favoring the bearish side, and today the bears are again in the leading position. The chances are getting dim for the bulls to find recovery today, and the coin may soon dip into the $0.6506 range.

The bullish sentiment was seen in the market a few hours before when it surged ahead and went above the $0.6816 mark, but now that resistance is preventing further upward movement and the bears are taking control. However, the bears may also reach an exhaustion point and a new wave of bullish sentiment may follow in the coming days.

The coin’s price action is currently stuck between $0.6506 and $0.6816, and it is essential to break this range for the coin to make significant progress in its price action. Despite bearish pressure, the coin still ha ...

The post Curve DAO Token Bleeds to $0.6651 as Market Downtrend Continues appeared first on Coin Edition.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.