<strong><em>CRV price prepares a bull cycle with a morning star pattern at $0.84 to attempt an upside breakout of the symmetrical triangle. </em></strong>

<strong>Key technical points: </strong>
<ul>
 	<li>CRV prices have decreased by 0.04% in the last 24 hours.4</li>
 	<li>The price action shows a bullish cycle preparing to start within a symmetrical triangle.</li>
 	<li>The 24-hour trading volume of Curve Dao is $129 Million, indicating a rise of 15%.</li>
</ul>
<h2>Past Performance of CRV</h2>
As mentioned in our <a href="https://www.cryptoknowmics.com/news/crv-technical-analysis-trendline-keeps-crv-prices-at-a-needle-point">previous analysis</a>, the CRV price action remains trapped within a symmetrical triangle pattern. Within the triangle, the prices retrace from the resistance trendline to crack below the psychological mark of $1 before taking support at $0.84. Furthermore, the price action shows a high possibility of a Morning Star pattern forming at $0.84 to rechallenge the resistance trendline.

<img src="https://s3.tradingview.com/snapshots/p/pSIJxW4Z.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/pSIJxW4Z/" target="_blank" rel="noopener">Tradingview</a>
<h2><span style="font-weight: normal">CRV Technical Analysis </span></h2>
During the <a href="https://coincodex.com/crypto/curve/" target="_blank" rel="noopener">CRV price</a> bull run in the early days of July 2022, we saw a spike in the intraday trading volumes. However, the recent bearish retracement lacks the bearish commitment as the volume trend dips sharply. This increases the likelihood of a bullish reversal from the $0.84 support level.

The MACD indicator shows the fast and slow line saturating near the zero line leading to a lateral trend. This increases the likelihood of a bearish crossover. In addition, the falling trend in the positive histograms supports the idea of a bearish crossover. However, a positive retracement within the triangle will nullify any crossover events.

The RSI indicator shows a sudden increase in the underlying bearishness as it dips below the 14-Day SMA. However, the slope finds support and attempts to reclaim the halfway line. Furthermore, the vortex indicator displays the VI lines are trapped in a lateral movement but maintain a positive alignment.

In a nutshell, CRV technical analysis indicates a solid underlying bullishness which can result in an upside breakout of the triangle if the buying pressure increases from $0.84.
<h2><span style="font-weight: normal">Upcoming Trend</span></h2>
If the bullish reversal from $0.84 surpasses the resistance trend line and the psychological mark of $1, traders can expect a bullish breakout rally to reach $1.5. However, a retracement from $1.08 to retest the broken trendline is very much likely. Conversely, a bearish break out of the symmetrical triangle will drastically drop the CRV market value to test the bottom support at $0.55.

<strong>Resistance Levels:</strong> $1.08 and $1.50

<strong>Support Levels:</strong> $0.85 and $0.55

CRV Technical Analysis: Are Curve Dao Prices Ready To Explode?

CRV Technical Analysis shows price preparing a bull cycle with a morning star pattern at $0.84 to attempt an upside breakout of the symmetrical triangle. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

CRV Technical Analysis: Are Curve Dao Prices Ready To Explode?

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