Curve DAO Token Price Prediction — Will CRV Hit $7 Soon?
- Bullish CRV price prediction is $3.66 to $6.58.
- The CRV price will also reach $7 soon.
- CRV bearish market price prediction for 2022 is $0.328.
In Curve DAO Token’s (CRV) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about CRV to analyze the future movement of the cryptocurrency.
Curve DAO Token Current Market Status
According to CoinGecko, the price of CRV is $3.36 with a 24-hour trading volume of $244,554,587 at the time of writing. However, CRV has decreased nearly 3.5% in the last 24 hours.
Moreover, CRV has a circulating supply of 391,958,099 CRV. Currently, CRV trades in cryptocurrency exchanges such as Binance, OKX, Bitget, FTX, and Mandala Exchange.
What is Curve DAO Token (CRV)?
Curve DAO Token (CRV) is an Ethereum token that is used to power Curve.fi, a decentralized exchange and automated market maker protocol. The protocol is intended to facilitate the exchange of similar ERC-20 tokens, primarily stablecoins and Ethereum-based Bitcoin tokens.
The launch of the DAO and the CRV token resulted in increased earnings, given that the CRV token is used for governance and is awarded to users based on liquidity commitment and length of ownership. Curve’s longevity has been ensured by the explosion in DeFi trading, with AMMs turning over massive amounts of liquidity and associated user profits.
Curve DAO Token (CRV) Price Prediction 2022
Curve DAO Token holds the 89th position on CoinGecko right now. CRV price prediction 2022 is explained below with a weekly time frame.
An ascending channel is a chart pattern from two upward trend lines drawn above and below a price representing resistance and support levels. The ascending channel is known as a rising channel and channel up. The lower line is identified first, as running along with the lows: it defines the trend line.
The upper line is identified as parallel to the trendline, running along with the highs. It is a bullish chart pattern defined by a trend line supporting the series of higher lows and a diagonal resistance level connecting the higher highs.
Currently, CRV is in the range of $3.36. If the pattern continues, the price of CRV might reach the resistance level of $6.587. If the trend reverses, then the price of CRV may fall to $1.314.
Curve DAO Token (CRV) Support and Resistance Level
The below chart shows the support and resistance level of CRV.
From the above weekly time frame, it is clear the following are the resistance and support levels of CRV.
- Resistance Level 1 – $3.663
- Resistance Level 2 – $6.063
- Support Level 1 – $2.378
- Support Level 2 – $1.236
- Support Level 3 – $0.716
- Support Level 4 – $0.328
The charts show that CRV has performed a bullish trend over the past month. If this trend continues, CRV might run along with the bulls overtaking its resistance level at $6.063.
Accordingly, if the investors turn against the crypto, the price of the CRV might plummet to almost $0.328, a bearish signal.
Curve DAO Token Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of CRV is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of CRV lies below the cutoff line, indicating weaker participants in the current trend.
More so, the CRV’s Moving Average (MA) is shown in the chart above. Currently, CRV is in a bearish state. Notably, the CRV price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of CRV at any time.
Meanwhile, the relative strength index (RSI) of the CRV is at level 46.33. This means that CRV is in a nearly oversold state. However, this means a major price reversal of CRV may occur in the upcoming days. So, traders need to trade carefully.
Curve DAO Token Price Prediction 2022 — ADX, RVI
Let us now look at Curve DAO Token’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Curve DAO Token. Currently, CRV lies in the range of 22.55, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of CRV. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of CRV lies below the 50 levels, indicating that the direction of volatility is low. In fact, CRV’s RSI is at 46.33 level thus confirming a potential sell signal.
Comparison of CRV with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Curve DAO Token.
From the above chart, we can identify the trend of the BTC is moving at the upward trend. But, the recent trend of ETH and CRV moves in a downward direction.
Conclusion
With continuous improvements in the Curve DAO Token network, we can say that 2022 is a good year for CRV. For this reason, the bullish price prediction of Curve DAO Token in 2022 is $6.587. On the other hand, the bearish CRV price prediction for 2022 is $0.328.
Furthermore, with the advancements and upgrades on the CRV ecosystem, the performance of CRV would help to reach above its current all-time high (ATH) $5 very soon. But, it might also reach $7 if the investors believe that CRV is a good investment in 2022.
FAQ
The Curve DAO Token (CRV) is the native property of the curve, one of the largest decentralized finance (DeFi) platforms in the world.
CRV has listed on many crypto exchanges which include Binance, OKX, Bitget, FTX, and Mandala Exchange.
With the ongoing developments and upgrades within the CRV platform, it has a high possibility of reaching its ATH soon.
On Aug 14, 2020, CRV reached its new all-time high (ATH) of $54.01.
Curve DAO Token (CRV) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of CRV in the past few months, CRV is considered a good investment in 2022.
Curve DAO Token (CRV) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Curve DAO Token (CRV) will hit $7 soon.
Curve DAO Token (CRV) price is expected to reach $15 by 2023.
Curve DAO Token (CRV) price is expected to reach $22 by 2024.
Curve DAO Token (CRV) price is expected to reach $38 by 2025.
Curve DAO Token (CRV) price is expected to reach $50 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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