Curve DAO Price Analysis & Forecast (Feb 15th). – CRV Tests Key Resistance Level, Likely To Initiate Another Sale Below $1

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Curve DAO (CRV).Curve DAO token saw a significant increase last month, with a rally of over 100% to retest September 2022 resistance. After experiencing a roughly 200% increase in the last ten weeks, CRV experienced a sharp decline that led to the current downturn. The price fell to $0.9 after this crackdown. It held that price level temporarily and retested briefly above 1 yesterday. The bounce saw a 15% increase in the market overnight. However, it is possible that the gains will soon fade. Source: Tradingview The $0.9 support level is likely to be a threat to bears in the next leg down. In the event of a crack, $0.76 is the immediate support level. $0.64 is another support level you should be watching out for. If the trend line is retested, the price could fall to $0.55. If it overcomes that resistance, the next level in interest will be $1.15, $1.25Key support levels: $0.9, $0.76 and $0.64Spot price: $1.03
Trend: Bearish
Volatility is high
Disclosure: This article is not intended to be used as investment or trading advice. Disclosure: This is not a trading or investment advice.