For CRV, watch for confirmation on the hourly chart first: only an hourly close above 0.3957 would signal the start of the next rally. Active loans on the Curve protocol have exceeded $76 million, so on-chain demand remains. The current price is 0.3440, down 10.4% over 24 hours and about 15% below 0.3957; it has yet to break through.
At the current price, 0.3957 is key resistance. Until an hourly close gets above it, it’s best to wait and see. A move above it on rising volume would signal a short-term strengthening trend; the target depends on how far the price can run after the breakout. If it keeps failing to break through, weakness is likely to persist. #CRV
At the current price, 0.3957 is key resistance. Until an hourly close gets above it, it’s best to wait and see. A move above it on rising volume would signal a short-term strengthening trend; the target depends on how far the price can run after the breakout. If it keeps failing to break through, weakness is likely to persist. #CRV