💰 $CRV Update

$CRV 4hr Analysis 💰

🔼 Breakout on the Horizon?

CRV has been testing resistance levels and based on recent price action, we’re expecting a breakout soon. It’s looking likely that it will finally break Resistance 1 (1.3024) and aim for Resistance 2 (1.5698), and possibly even Resistance 3 (1.9429) in the coming days.

Here’s why I’m excited about this move:

📊 Strong MA Support:
🔴 25 MA (red line) at $1.1176 is providing immediate support, indicating short-term bullish momentum.
🟣 99 MA (purple line) at $0.8674 is a key support level. For the price to continue rallying towards $2, CRV must stay above the 99 MA. If it trades below this level, the upward momentum may slow down.
🟢 200 MA (green line) at $0.6114 is solid long-term support, but if the price touches this level, a further bounce is unlikely, and we may see a deeper pullback.

🎯 Price Target: If CRV breaks the resistance (white horizontal lines) , we could see it pushing towards $2 in the short term. That’s some good upside potential.

✳️ Best Entry
The ideal entry for this setup is between $1.1 - $0.86. For a more balanced risk-to-reward ratio, aim for an average entry of around $1.0 - $0.9.

🀄️Trading:
For those who like more action, leverage between 5 to 10x can give you some solid returns (but remember, more risk!). If you prefer less risk, spot trading is a great option as well.

🔴StopLoss:
It’s important to manage risk here. Set your stop loss at 0.80 to avoid unexpected drawdowns.

🚀 Why CRV?

CRV (Curve DAO) is leading the charge in decentralized finance, providing one of the most reliable platforms for stablecoin trading.

As DeFi grows, CRV’s role is becoming more significant, with increasing demand for its liquidity pools

🎯 Key Takeaways: $2 in the near future

Keep an eye on MA Support and horizontal Resistance Levels

For a bullish rally, CRV must stay above the 99 MA and avoid dropping near the 200 MA


This is a good project to keep an eye on—make sure to manage your entries, exits, and stop loss levels carefully