Curve DAO Token Price Prediction for Today, August 6: CRV/USD Range-bounds; Price Trades Around $0.61

Updated: 08 August 2023

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The Curve DAO Token price prediction reveals that CRV could not climb above the $0.63 level as the coin prepares for a new trend.

Curve DAO Token Prediction Statistics Data:

Curve DAO Token price now – $0.61
Curve DAO Token market cap – $537.5 million
Curve DAO Token circulating supply – 870.3 million
Curve DAO Token total supply – 1.9 billion
Curve DAO Token Coinmarketcap ranking – #71

CRV/USD Market

Key Levels:

Resistance levels: $0.80, $0.85, $0.90

Support levels: $0.35, $0.30, $0.25

Curve DAO Token Price Prediction for Today, August 6: CRV/USD Range-bounds; Price Trades Around $0.61 — CRVUSD – Daily Chart

CRV/USD is currently struggling to gather momentum above the $0.63 level. According to the daily chart, the Curve DAO Token price stays around the 9-day moving average, but if it breaks below this barrier, the Curve DAO Token price may slump toward the lower boundary of the channel.

Curve DAO Token Price Prediction: CRV/USD May Slump Lower

The Curve DAO Token price is currently moving sideways. However, if the market price slides to the south, CRV/USD may experience a period of bearish momentum and it could target the $0.55 support level before critically looking towards the support levels of $0.35, $0.30, and $0.25. Meanwhile, for that not to happen, the bulls would need to push the coin toward the upper boundary of the channel.

Moreover, if Curve DAO Token (CRV) breaks above the $0.70 resistance level, it may likely face a bullish movement with higher highs and higher lows. Should in case the price decides to cross above the moving averages, the coin may find the potential resistance levels at $0.80, $0.85, and $0.90. In other words, the technical indicator Relative Strength Index (14) is suggesting sideways movement for the market as the signal line moves in the same direction below the 40-level.

Against Bitcoin, the Curve DAO Token price is moving sideways, getting ready to trade above the 9-day and 21-day moving averages within the channel. However, if the bulls attempt to gain momentum, the bears are likely to release slight pressure on the market as the technical indicator Relative Strength Index (14) remains below the 40-level.

However, if the Curve DAO Token price falls and heads toward the lower boundary of the channel, it may hit the nearest support at 2100 SAT. Any further negative movement could lower the price to the support level of 1500 SAT and below. In case of a rebound, the coin may cross above the moving averages to touch the nearest resistance level of 2500 SAT. If the bulls manage to stay well above this level, traders could see the coin reaching the potential resistance level of 2800 SAT and above.

Curve DAO Token Alternatives

The Curve DAO Token price continues to grind higher, the first resistance level may come at $0.65 as this could also be followed by $0.70. However, trading near the upper boundary of the channel may push the coin to higher levels.

However, Wall Street Memes has received engagement on Twitter from Elon Musk on several occasions and this could help Wall Street Memes become one of the best meme coins since links to Elon have caused several cryptos to pump in the past as almost $21m has been raised in the ongoing presale.

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