Curve DAO [CRV]: $0.42 could be next – Here’s what you should know

• The prices of Curve Dao token fell by 32% for just over two weeks.
• Its bear structure and lack of demand meant that it was likely to decline to $ 0.42.
  

Curve Dao Token [CRV] He had treated down in the last month and did not stop heavy sales.

Even if Bitcoin [BTC] Since Monday, he registered some profits, CRV failed to compare the performance of the front crypt.

It was traded under the minimums of June 23, which testifies to the strength of the bears. It seemed likely to move to $ 0.4-0.42 in June.

The curve token cannot keep at $ 0.7, now tight bear

The rally in November and December was strong, but the weekly chart revealed that the rejection came to the exact weekly peak since the beginning of 2023.

This indicated the 30 -month consolidation phase for Dao curve. Altseason in November failed to set up the uptrend in the weekly time frame.

Consolidation or scope formation (white) has expanded from 0.23 to $ 1.20. Over the last two months, CRV has tested a resistance of $ 0.82, but could not remain above the middle class to $ 0.72.

This failure indicated the potential for deep retraction that could drop to $ 0.38 or even low as $ 0.23.

In the daily framework, Curve Dao (CRV) shows the bear market structure.

At the beginning of June, the price tested a level of $ 0.70, acting as a van zone, but was firmly rejected. Since then, CRV has decreased by 32%.

From the November Assembly, the flow of money has remained Chaikin Money Flow (CMF), indicating the persistent sales pressure.

Similarly, the volume to balance (OBV) reflects the shift of checks to the seller after a short increase in demand at the end of March and early April.

Being an order between 0.42 and $ 0.50 (highlighted in Cyan) can act as a strong demand zone.

The bulls are expected to defend this region and traders should carefully monitor signs of conversion of the trend.

However, with the moving diameters that continue to indicate the dynamics down, caution is recommended. Entering long positions too early can be risky without confirmation of conversion.

Resistance of liability: The information presented does not represent financial, investment, trading or other types of advice and are merely the opinion of the writer