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Despite the bulls’ dominance over the broader crypto market today, Curve DAO has been contending with bearish pressure in the last 24 hours.
This decline could be hinged on the Curve Finance hack reported on July 31. Following the August 1 uptick, CRV’s price movement stalled and has failed to gain over the past 24 hours.
Curve DAO’s Price Responds to Recent Hack
The recent hack has seen CRV’s price fall 6% in the past day. At precisely 05:54 am EST, the token was trading at $0.5633. The same fate has met with its trading volume, which has dipped 35% over the same period. It now stands at more than $286 million.
Curve DAO Price Hits Resistance Level – Could This Be Start of Reversal?
CRV’s price shows signs of a negative trend as the bears have formed four consecutive red histogram bars, reflecting the bearish pressure on the market. The MACD line standing below the signal line reinforces this assumption.
Moreover, the red candlesticks forming below the 200 and 50 moving averages (MA) show the bears are fighting to push CRV further to the $0.566 price level.
However, the Relative Strength Index (RSI) indicator is at 29.41, below the oversold region, suggesting CRV is undervalued as it touches the key support level at $0.566.
This price level could be a positive trend reversal, given the position of the RSI in the oversold region. When that happens, CRV could move upward, returning above the 200 and 50 MA and climbing higher in the coming days.
But while CRV shows a bearish signal, investors could consider the latest buzz in the market WSM to achieve short-term ROI.
Wall Street Memes Outperforms Curve DAO as Presale Funds Surpass $20 Million
Wall Street Memes ($WSM) emerges as a refreshing and innovative cryptocurrency venture, skillfully merging the realms of humor and financial expertise.
Its exceptional ability to captivate and engage a massive community sets Wall Street Memes apart. It boasts an impressive count of over 1 million active users participating across various social media platforms. This extensive engagement translates to 40 million impressions, showcasing the project’s widespread reach and resonance.
The extraordinary level of community involvement has translated into substantial financial backing. This achievement now propels Wall Street Memes to secure a remarkable $20.2 million in rapid succession during its presale phase.
Wall Street Memes Presale Promises 100X Returns
The projected returns are remarkable as the project gears up for its official market launch. It is expected to exceed an astounding 100X increase.
The journey towards achieving its presale target is already well underway, with an accumulation of more than $20.2 million out of the intended $21.9 million, indicating a strong investor appetite and confidence in the project’s future.
Presently valued at $0.0328, the token’s worth is anticipated to escalate to $0.0331 upon the successful culmination of the ongoing presale phase.
This incremental increase is a precursor to the expected upward trajectory in token value as the project evolves and unfolds. According to Wall Street Memes, this is an opportunity for investors who wish to make gains without the 9 to 5 hustle.
Slowly realising this 9-5 shit is gonna be forever, and I'm not suddenly going to wake up a millionaire pic.twitter.com/lDInqhDvZR
— Wall Street Memes (@wallstmemes) July 31, 2023
Its payment options span various cryptocurrencies, such as USDT and BNB, including traditional bank card transactions.
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