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Curve Dao (CRV) price signals a rebound in price from the support zone. However, there might be challenges that hinder a move upward.
CRV is trading at $0.43 at 7:44 a.m. EST, a 0.6% drop in the last 24 hours. However, the altcoin indicates a 6% gain in the last seven days, attracting the attention of investors.
Let’s see if CRV can see a 15% rise in the coming weeks.
CRV Price Rebounds Within a Descending Triangle
CRV’s price has persistently declined due to a battle between bullish and bearish forces, forming a descending triangle pattern signaling a continuation of the bearish trend.
The bulls seem to have encountered resistance at $1.29 after regrouping at the $0.42 support zone to recover their losses.
The 50-day moving average indicates a crossover at $0.76, trading below the 200-day moving average.
This indicates increased selling pressure, which confirms the bearish sentiment. Further, both moving averages are positioned above the CRV price, strengthening the bearish outlook.
However, the price hints at a potential rebound towards the triangle’s upper boundary (as indicated by short, succeeding bullish candles). The relative strength index, currently at 48 (up from oversold at 30), suggests increased buying pressure.
CRV price’s overall outlook remains bearish, with the descending triangle and moving averages indicating potential bearish movements.
Bears might push the price below the triangle, focusing on the critical weekly support level at $0.07.
If the bulls sustain the bullish momentum, the price may aim to reach the triangle’s upper boundary, with key levels to watch at $0.65 and $0.78.
As CRV strives to find its footing, Wall Street Memes offers an excellent opportunity to investors who like to bet on sure returns.
Wall Street Memes (WSM) Presale Ends in 4 Days
Set to end in 4 days on September 25, the Wall Street Memes presale has already secured over $25 million in presale funding, and analysts anticipate a rapid price surge when it officially debuts on significant exchanges, thanks to its solid fundamentals and positive project updates.
Wall Street Memes has set an ambitious goal of achieving a $1 billion market capitalization before its Tier-1 exchange listing, a move that could potentially lead to significant price gains, as outlined in its roadmap.
Can't magic away those loans bro pic.twitter.com/dJk4AF7XJb
— Wall Street Memes (@wallstmemes) September 20, 2023
An additional 30% of resources are dedicated to supporting community rewards, while the remaining 20% is allocated to bolstering liquidity and enhancing media streaming initiatives.
Wall Street Memes is conducting an airdrop, offering participants a chance to win $10,000 by simply following their social media accounts and visiting their website.
The more entries you make, the higher your chances of winning.
Tier 1 Exchange Listing in 6 Days
Wall Street Memes (WSM) will make its debut on Tier 1 exchanges in 6 days, with the launch scheduled for September 27.
As the countdown to this exciting event continues, the team is directing 50% of its resources toward marketing efforts, which include securing endorsements from influential YouTubers like Jacob Crypto Bury, who has an impressive one-million-strong social media following.
Get your wallets out lads pic.twitter.com/s0r9sRYchN
— Wall Street Memes (@wallstmemes) September 20, 2023
Wall Street Memes has garnered substantial support for its meme coin initiative, as the project’s roadmap outlines a commitment to allocate the entire token supply to the community.
You can participate in the presale by buying WSM tokens at the current price of $0.0337 using either cryptocurrency or a credit card by connecting your Web3 wallet to the WSM token website.
Don’t miss this opportunity to participate in Wall Street Memes before its Tier 1 exchange listing.
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