CRV is projected to gain 40–60% against BTC before hitting its major resistance zone in the $0.70–$0.80 range.
Analysts believe Bitcoin’s ability to maintain $94K+ will be crucial for CRV’s upward trajectory.
Long-term holders aim for CRV targets above $6, suggesting strong confidence in the token’s potential.
The trading activity associated with the CRV/BTC trading pair has shown a trend opening up a bullish future for Curve DAO’s native token – CRV. Preceding observations suggest that it is at least probable that CRV has not yet reached new major resistance levels, with minimum expected increases of 40% to the first target. Further market conditions with a focus on Bitcoin dominance are believed to set further influence on CRV in the following weeks.
Current Progress and Key Levels to Watch
Since the time CRV was oscillating in the $0.26 region, the cryptocurrency has been showcasing positive trajectory to the upliftment of the traders. But the token is still at least 40% from its upside targets with potential up to 60% before it hits the powerful resistance area seen on the chart.
https://twitter.com/CredibleCrypto/status/1860589854322479277
If Bitcoin continues with the bullish run and stays above $94,000, the price of CRV could shoot to the higher edge of the CRV technical analysis price range. Under such circumstances, according to the experts, it is possible to increase the CRV rate up to $0.70–$0.80 per BTC prior to the start of profit taking on long positions among traders.
Implications on a Broader Market
The expected increase in CRV is directly linked to Bitcoin performance In the expected increase in CRV. Experts believe that Bitcoin’s capability to hold critical levels of support is crucial for allowing CRV to unlock its goals. If the same trend is observed with regard to Bitcoin, then the price predictions of CRV show a substantially greater potential, given the market optimism.
Large holders seem particularly bullish on CRV’s future, with some of them setting their sights much higher targets, far above $1. Such forecasts are synchronized with other indicators of the cryptocurrency market, observing that tokens with significant utility value and support from an ecosystem are more costly during a bull market .
The CRV/BTC pair has reached a turning point and investors are now waiting for Bitcoin signals. Thus, one’s that CRV follows current trends, it might be on the verge of making massive profits for both short term traders and long term investors.
The post CRV’s 60% Potential Gains: Why BTC at $94K+ Could Push Prices Higher appeared first on Crypto News Land.
