Ethereum $1,908.08 Curve Finance’s local Token, one of the based decentralized finance (defi) protocols, has started to draw attention again in the market. According to experts, token exceeds a significant level of resistance has a serious rise potential. According to the latest data, the CRV traded at 0.58 dollars, has experienced a 10 percent increase in the last 24 hours. Market analysts argue that a value increase of more than 240 percent can be seen if the resistance level is broken.
Analyst: “If the resistance is overcome, new summits will come”
Anonymous analyst, known as “Credible Crypto üzerinde on social media, is closely monitoring CRV price movements. According to the analyst, the CRV approached a critical resistance level in low time periods against both USD and BTC. In the event that this level is exceeded, the downward trend can end and token can reach new local summits.
Credible Crypto says that especially investors who want to buy from the bottom should carefully monitor this region. Exceeding 0.67 dollars in the USD parity and 0.00000633 BTC levels in BTC parity may bring a major acceleration according to the analyst’s prediction. Analyst If a clear transition in the red zone is provided, the CRV can quickly reach new peaks, ”he points out the opportunities that may occur at this point.
Different assets can go in different directions
The crypto money market is known for its complex structure that does not move in a single line. Therefore, it is not realistic to expect the same direction for each token. Credible Crypto warns about this: “Every asset does not have to act in the same direction, different trends can be observed.”
Supporting this statement, the CRV rise, while the popular payment token has decreased 2 percent in the last 24 hours in the XRP. This shows that investors should pay attention not only to the rise signals, but also the performances of other assets.
According to the analyzes, exceeding the resistance level for CRV may give positive signals not only for this token, but also for other defi projects connected to the Ethereum ecosystem. It is important that investors evaluate both price levels and general market trends together.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
