🧵 Thread: Technical analysis of #Curve $CRV 📊
1/ Curve (CRV) has shown a significant rally, reaching a recent high of $1.21 before entering a consolidation phase. We analyze its next key levels in the short and medium term. 👇
2/ Key supports and resistances:
- Main support: $1.00, psychological level and key moving average.
- Immediate resistance: $1.21, the recent high that defines the barrier to break to continue the bullish momentum. 📈
3/ Technical indicators:
The RSI (69) indicates that CRV is close to overbought, which could lead to a correction.
The Bollinger Bands show high volatility and a possible consolidation before a stronger move. ⚠️
4/ Bullish scenario:
If it breaks $1.21, the targets would be:
$1.30-$1.32: Next technical level.
$1.40: Extension in case of strong momentum.
In the medium term, CRV could target $1.50-$1.60 or even $2.00 if market conditions are favorable. 🚀
5/ Bearish scenario:
A loss of the support at $1.00 could take the price to:
$0.88-$0.90: Key support zone.
$0.75-$0.80: Base of the recent rally in case of a deeper correction. 🔻
CRV is at a key moment after a strong rally. Support at $1.00 and resistance at $1.21 will be decisive levels for its next move. 📉📈
What do you think about the future of CRV? 💭
