- The CRV token price is obtaining strong support from the 20-day EMA
- The CRV/BTC pair was trading at 0.0005251 BTC with a gain of 3.75%
- The 24hr trading volume in CRV token is $374.3 Million, indicating a 77.32% hike
On October 3rd, the CRV chart provided more confirmation for the continuation of its rally when the price gave a deceive breakout from the $2.6 resistance. However, since then, the token price has been trying to obtain good support from this level, and now with the contribution of the 20 EMA as strong support, the price offered a bullish morning star candle pattern.
About the EMA’s: The CRV token price is trading above the crucial EMA’s 20, 50, 100, and 200, indicating a bullish trend. Moreover, The price is currently trying to have good support from the 20 EMA line.
The RSI value is at 47, indicating a bearish sentiment in the CRV token.
The CRV Token Chart Shows A New Ascending Trendline.
The CRV token price is facing slight selling pressure from a minor resistance level of $3.1, displaying an evening star candle pattern. If the price rejects from this level and starts moving down the nearest support level, the chart shows is $2.73 or also the upcoming support trendline. The current price of the CRV token is $2.98, with an intraday gain of $0.95%.
The moving average convergence/divergence indicator (BEARISH) shows that both the MACD and the signal line are moving above the neutral area(0.00), which indicates a bullish momentum in the CRV token.
Conclusion: From the technical perspective, the overall trend of CRV tokens is still bullish, as the price has shown a decent recovery from its last retracement. And as mentioned above, the price is struggling to face $3.1 resistance. The crypto traders can again expect a short pullback in this coin.
Support – $2.73
Resistance $3.1