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Curve DAO Token Analysis: CRV Rises 2% – Does a Bullish Trend Await?

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curve (crv)
curve (crv)

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Curve Dao (CRV) has piqued the interest of investors by showcasing a significant price surge.

This gain hints at a potential price rebound from the sustained support zone, although challenges could impede an upward movement.

According to GeckoTerminal.com, as of 5:40 a.m. EST, Curve Dao (CRV) is actively trading at $0.52, demonstrating a 1.4% increase in the past 24 hours. Furthermore, CRV also boasts an 18% surge over the past week. Does this indicate that CRV investors are poised for a bullish trend?

CRV Rebounds on Support Level, Surpasses 50 SMA

CRV/USD Chart Analysis. Source: Geckoterminal
CRV/USD Chart Analysis. Source: Geckoterminal

According to the chart, bulls have faced resistance at $1.29, regrouping at the $0.42 support zone to recover their losses. 

Additionally, the 50-day moving average indicates a crossover at $0.77 and also acts as a support for the CRV price. 

The persistent decline in CRV’s price indicates a struggle between the bullish and bearish forces, forming a descending triangle pattern that signals a continuation of the bearish trend.

However, the price is trading below the 200-day moving average. This confirms increased selling pressure and strengthens the bearish sentiment.

CRV may soar towards the triangle’s upper boundary, indicated by short succeeding bullish candles above the 50 SMA. The relative strength index, currently at 66, is towards the overbought region of 70, indicating increased buying pressure.

Based on the analysis, CRV’s price remains generally bearish. The descending triangle and moving averages signal potential bearish movements. This may help the bears push the price below the triangle, with their focus on the $0.08 support level.

However, if the bulls sustain their bullish momentum, they may aim to reach the triangle’s upper boundary, with key levels to watch at $0.68 and $0.88, respectively.

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With its low price mirroring the 2011 Bitcoin price of 0.99 and the staking opportunity, BTCBSC could be a better alternative for XRP8 investors.

BTCBSC Presale About to Close, Only $200k away

The BTCBSC presale is selling out rapidly. Bitcoin BSC, operating on the BNB Smart Chain, is only $200k away from its target of $6,063,750 million and offers a crypto token that prioritizes sustainability and security. 

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The presale rate is $0.99 per token, reminiscent of Bitcoin’s 2011 price, and the project aims to replicate Bitcoin’s historic growth. 

BTCBSC has already achieved a significant milestone, raising $5,800,242.69, showcasing its widespread adoption in the crypto space.

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One exciting feature of Bitcoin BSC is its staking program, which allows users to earn passive income. 

Like Bitcoin, it generates new blocks every 10 minutes and rewards users in the stake pool with BTCBSC coins within the same timeframe.

The project has allocated approximately 14,455,000 tokens as rewards for staking, with an impressive annual percentage yield (APY) of 120% for approximately 2,196,226 staked BTCBSC tokens. 

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Moreover, the project has undergone thorough, smart contract audits and guarantees locked liquidity upon listing on the Uniswap DEX, adding an extra layer of security.

After the presale concludes, an additional 420,000 tokens (2%) will be reserved for future release on decentralized exchanges. 

Clinix Crypto is a Youtube crypto influencer with over 33000 subscribers and reviews on BTCBSC, terming it the best crypto presale.

Act now to secure BTCBSC tokens at just $0.99 each, with 6.125 million tokens available. To participate in the presale, connect your wallet to the BTCBSC website and use BNB, ETH, or USDT to acquire tokens. 

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