WLD and CRV Approach Key Resistance Levels - Is a Major Breakthrough Imminent?

The cryptocurrency market shows strong signs of recovery, with Bitcoin (BTC) and Ethereum (ETH) increasing by 5.50% and 6.50% respectively over the past seven days – a promising shift after significant volatility in early March.

As overall sentiment begins to gradually shift towards a more positive direction, altcoins like WLD and Curve DAO Token (CRV) are starting to show upward momentum.

Both tokens have faced significant pressure over the past few months, but their current weekly gains and technical setups suggest a potential recovery is on the horizon.

The recent adjustment began in early December, starting from a high of $4.18, dragging WLD down over 85%, hitting a low of $0.72 on March 11. This level saw buyers step in to defend a key support level, indicating a possible trend reversal.

Since then, WLD has rebounded to above $0.96 and is currently approaching the upper boundary of a wedge pattern as well as the 50-day moving average (MA).

If the price breaks through and successfully retests and maintains above this resistance level, WLD could target the 200-day moving average and the $2.80 region – which implies a potential increase of 168% from current levels.

The MACD indicator also shows signs of a bullish crossover, enhancing the likelihood of a breakthrough. However, if it fails to break through the resistance level, WLD may retest lower support levels before attempting to move upward again.

On the analysis side, Curve DAO Token (CRV) is consolidating in a classic bullish flag pattern.

This pattern formed after the token was rejected at the $1.33 resistance level on December 7, leading to a significant pullback.

The drop caused CRV to fall to a low of $0.35 on March 11, when strong buying interest emerged.

Currently, CRV has rebounded to $0.55, testing its 200-day moving average, and is approaching the upper resistance level of the flag pattern. A breakout from this pattern, followed by confirmation and a retest, could pave the way towards the 100-day moving average and the $0.8274 resistance zone, which means a potential increase of 49% from current price levels.

The MACD has also turned positive, further enhancing the bullish outlook.

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