Curve DAO Token Price Prediction – Will CRV Hit $7 Soon?

Curve DAO Token CRV

Bullish CRV price forecast is $2,904 to $6,816. The CRV price will also reach $7 soon. The CRV bearish market price forecast for 2022 is $0.716.

In Curve DAO Token’s (CRV) Price Forecast 2022, we use statistics, price patterns, RSI, RVOL and many other information about CRV to analyze the future movement of the cryptocurrency.

Curve DAO Token Current Market Status

According to CoinGecko, the price of CRV is $2.85 with a 24-hour trading volume of $291,271,748 at the time of writing. However, the CRV has risen nearly 2% in the past 24 hours.

In addition, CRV has a circulating supply of 391,958,099 CRV. Currently, CRV trades cryptocurrency exchanges such as Binance, OKX, CoinTiger, CoinFLEX, and Bybit.

What is Curve DAO Token (CRV)?

Curve DAO Token (CRV) is an Ethereum token used to power Curve.fi, a decentralized exchange and automated market maker protocol. The protocol aims to facilitate the exchange of similar ERC-20 tokens, mainly stablecoins and Ethereum-based Bitcoin tokens.

The launch of the DAO and the CRV token resulted in increased revenue as the CRV token is used for governance and is awarded to users based on liquidity commitment and duration of ownership. Curve’s longevity has been ensured by the explosion in DeFi trading, with SMPs transferring huge amounts of liquidity and associated user profits.

Curve DAO Token (CRV) Price Forecast 2022

Curve DAO Token currently holds 103rd position on CoinGecko. CRV price forecast 2022 is explained below with a weekly time frame.

CRV/USDT bearish channel pattern (Source: Tradingview)

A bearish channel is a chart pattern formed by two downtrend lines drawn above and below a price that represents resistance and support levels. The descending channel pattern is also referred to as a descending channel or channel down. The top line is identified first, follows the highs and is called the trendline.

The bottom line is identified as parallel to the trendline, which crosses the bottom. It is a bearish chart pattern defined by a trendline supporting the series of lower lows and a diagonal resistance level connecting the lower highs.

Currently, the CRV is in the $2.84 range. If the pattern continues, the price of CRV may reach the USD 6,816 resistance level. If the trend reverses, the price of CRV could fall as low as $1,843.

Curve DAO Token (CRV) Support and Resistance Level

The chart below shows the support and resistance level of CRV.

CRV/USDT support and resistance level (source: TradingView)

From the above daily time frame, it is clear that the following are resistance and support levels of CRV.

Resistance Level 1 – $3,663Resistance Level 2 – $6,063Support Level 1 – $1,876Support Level 2 – $1,236Support Level 3 – $0,716

The charts show that CRV has been on a bullish trend for the past month. If this trend continues, CRV could catch up with the bulls overtaking its resistance level at $6,063.

Accordingly, if the investors turn against the crypto, the price of the CRV could drop to close to $0.716, a bearish signal.

Curve DAO Token Price Forecast 2022 – RVOL, MA and RSI

The relative volume (RVOL) of CRV is shown in the graph below. It is an indicator of how the current trading volume has changed over time from the previous volume for traders. Currently, CRV’s RVOL is below the boundary line, indicating weaker participants in the current trend.

In fact, the moving average (MA) of the CRV is shown in the chart above. Currently, CRV is in a bullish state. In particular, the CRV price is above 50 MA (short term), so completely on an upward trend. Therefore, there is a possibility of a reversal of the CRV trend at any time.

Meanwhile, the CRV’s Relative Strength Index (RSI) is at the 66.94 level. This means that CRV is almost overbought. However, this means that there could be a major reversal of CRV in the coming days. So traders should act with caution.

Curve DAO Token Price Forecast 2022 – ADX, RVI

Now let’s look at Curve DAO Token’s Average Directional Index (ADX). It helps to gauge the overall strength of the trend. The indicator is the average of the growing price range values. This system attempts to measure the strength of price movements in positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Curve DAO Token. Currently, the CRV is in the range of 13, so it indicates a weak trend.

From the chart above, the relative volatility index (RVI) of CRV. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of CRV is above the 50 levels, indicating that the direction of volatility is high. In fact, CRV’s RSI is at the 66.94 level, confirming a potentially high signal.

Comparison of CRV to BTC, ETH

The chart below shows the price comparison between Bitcoin, Ethereum and Curve DAO Token.

BTC vs ETH vs CRV Price Comparison (Source: TradingView)

From the chart above, we can see that the trend of the CRV is moving in a downtrend. But the recent trend of BTC and ETH is moving in an upward direction.

Conclusion

With continuous improvements in the Curve DAO Token network, we can say that 2022 is a good year for CRV. For this reason, Curve DAO Token’s bullish price forecast in 2022 is $6,816. On the other hand, the bearish CRV price forecast for 2022 is $0.716.

In addition, with the advancements and upgrades of the CRV ecosystem, the performance of CRV would help bring the current record high (ATH) above the current $5 very quickly. But it can also reach $7 if the investors believe CRV is a good investment in 2022.

FAQ

1. What is Curve DAO Token?

The Curve DAO Token (CRV) is the original property of Curve, one of the largest decentralized financial (DeFi) platforms in the world.

2. Where can you buy CRV?

CRV has listed on many crypto exchanges, including Binance, OKX, CoinTiger, CoinFLEX, and Bybit.

3. Will CRV reach a new ATH soon?

With the continuous developments and upgrades within the CRV platform, it has a high probability of reaching its ATH soon.

4. What is the current all-time high (ATH) of Curve DAO Token?

On August 14, 2020, CRV hit its new all-time high (ATH) of $54.01.

5. Is CRV a good investment in 2022?

Curve DAO Token (CRV) seems to be one of the top scoring cryptocurrencies this year. According to the results achieved by CRV in recent months, CRV is considered a good investment in 2022.

6. Can Curve DAO Token (CRV) reach $7?

Curve DAO Token (CRV) is one of the active cryptos that continues to maintain its bullish status. Ultimately, if this bullish trend continues, Curve DAO Token (CRV) will soon reach $7.

7. What will the CRV price be in 2023?

The price of Curve DAO Token (CRV) is expected to reach $15 in 2023.

8. What will the CRV price be in 2024?

The price of the Curve DAO Token (CRV) is expected to reach $22 in 2024.

9. What will the CRV price be in 2025?

The price of the Curve DAO Token (CRV) is expected to reach $38 in 2025.

10. What will the CRV price be in 2026?

The price of Curve DAO Token (CRV) is expected to reach $50 in 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It is not interpreted as investment advice. The NewsCrypto team encourages everyone to do their own research before investing.

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