CRV Price Teases Upside Potential of 90% With Growing Momentum!

Slowly but surely, the Curve token price takes off to enter the list of altcoins, making a comeback at the end of 2023. Further, the remarkable comeback for the CRV price teases a high potential uptrend. 

Crossing the 200D EMA, the recovery rally in Curve token boosts the market price beyond crucial resistances. Further, the CRV price rides a high momentum trend and teases a potential uptrend ready to uplift the market value of Curve. 

Source – Tradingview

With a double bottom reversal catalysing the uptrend in CRV price, the buyers refuel the bullish trend. Challenging and overcoming the overhead dynamic resistance of the 50D and 200D EMA, the uptrend also breaks above the resistance trendline. 

Concluding the pullback phase of lower high streaks, the breakout trend teases a potential rounding bottom pattern. Further, the increasing intraday trading volumes trend supports the recovery rally and teases a stronger uptrend. 

With a 60% jump within 50 days, the trendline breakout rally retests the broken trendline and surpasses the $0.62 mark. Currently, the CRV price trades at $0.6679 with an intraday growth of 3.17%, making a bullish engulfing candle. 

With a sharp recovery over the last few months, the CRV price analysis supports the possibility of a long-term uptrend for the Curve token. 

Technical indicators:

MACD: The MACD and signal lines give a bullish crossover as the reversal rally exceeds the 200D EMA. Therefore, the momentum indicator supports the possibility of an uptrend. 

EMA: The golden crossover possibility increases as the uptrend crosses the 200D EMA. In case the uptrend sustains to ignite a golden cross, it will certify the trend reversal and increase the overall demand for the Curve token. 

Will CRV Price Reach $1?

The overall CRV price action reflects a rounding bottom pattern in the daily chart as it concludes the previous downtrend. Moreover, the positive cycle may find increased momentum as the overall market sentiment improves. 

Considering the uptrend sustains, the CRV coin can reach $1 in 2024 and complete the bullish pattern by touching $1.26. In the short term, the $0.62 breakout teases a jump to $0.84. 

On the flip side, a reversal below $0.62 will prolong the downtrend to $0.55.