Curve DAO Token ($CRV) is a protocol designed to trade stablecoins and provide liquidity on the Ethereum blockchain. CRV serves as a governance and utility token in the Curve DAO ecosystem, providing voting rights, rewards, and other features to holders.
Curve DAO provides efficient stablecoin trading with minimal slippage. Curve DAO achieves this with an automated market maker (AMM) algorithm that optimizes stablecoin swaps and minimizes slippage. In addition, Curve DAO allows users to earn commissions by providing liquidity to the platform, which is done by depositing stablecoins into liquidity pools in exchange for LP tokens. These LP tokens can be used to earn CRV rewards.
📈 Technical Analysis
The coin after the breakdown of the downtrend trend went sideways (accumulation). This sideways trend took the form of a bullish flag.
Now the coin is kept from falling by the long-term moving average, which runs along the support level. Also, at the current levels, the volume profile indicates a large accumulation of positions. Indicators in the neutral zone.
❇️ Entry price: $1.1
🎯 Goals: $1.76 $2.63 $3.4
📈 Potential yield up to 200%.
💼 Volume per trade up to 1%.
ℹ️ For a medium-term position It makes no sense to put a stop, since the coin can easily make spikes on the chart and knock out stop losses, it is much better to control the risk with the size of the position.For speculation, you can put a stop loss at $0.91.
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