CRV Technical Analysis: Buyers Plan To Escape The Symmetrical Triangle

CRV price shows a bullish trend within a symmetrical triangle pattern, gaining trend momentum and increasing the possibility of a breakout. Key technical points: The CRV market price has jumped by 9.24% in the last 24 hours. The market prices show a bull cycle gaining momentum within a triangle pattern. The 24-hour trading volume of Curve Dao is $182 Million, indicating a rise of 30.29%. Past Performance of CRV CRV prices showcase a bullish reversal from the $0.55 mark Resulting in the formation of a support trendline that shapes the symmetrical triangle pattern. Furthermore, the recent bullish reversal from the support trendline resulted in a price jump above $0.85 to challenge the 50-day average line. Hence, traders can expect the reversal rally to surpass the opposing SMA and the resistance trendline shortly. Source- Tradingview CRV Technical Analysis CRV price action shows an increase in the trading volume, supporting the bullish reversal within the triangle pattern. Thus, increasing the likelihood of a bullish breakout of the resistance trendline. Traders can expect the breakout rally to reach $1.50 after surpassing the 50-day SMA. The bullish reversal starting from $0.55 starts a bullish trend in the fast and slow line of the MACD indicator bullish sentiments. Hence, the indicator forecasts a prolonged uptrend leading to the bullish breakout of the triangle pattern. The RSI indicator also showcases a bullish reversal in ...