CRV Price breakout, Where will it lead to?
Curve Finance rally however was initiated since the last couple of days of 2020 and kept rallying since then including some dumps. The bull run carried the price from around $0.4 to the highest levels around $0.8452 within 10 days.
Woefully, the drastic BTC plunge which led to a dip in most of the altcoins, included CRV price too. And hence the correction phase drained out nearly 60 percent of the price by crashing to $0.52 levels.
As most of the crypto masses expected, the CRV price bounced back remarkably, gaining nearly 30% of the price since the early hours of trading. One of the analysts Butcher has predicted that CRV price will hit above $0.9 and yet another analyst, Crypto moon has set the price target to hit at $1 to $1.5 very soon.
Also Read: Bitcoin Price May Offer Buy at Dip Levels Below $30K. Will the Whales Outshine the Weaker Hands?
CRV Price Analysis
The CRV price is currently heading very strongly upwards to hit the price target set at $0.8 initially and later at $1. The resistance levels appear to be sturdy and hence possibilities of reverse flipping are low.
At the time of writing, the CRV price is $0.6494 with a jump of 3.41 percent in the last 24 hours. The price appears to break the resistance levels at $0.71 initially and later at $0.8 and finally at $1. The support levels are formed at $0.58.
Interestingly, it’s been a year since Yearn Finance has partnered with the Curve DAO which is the exchange for stablecoins, and since then the crV price has performed extremely well.
The founder of YFI platform Andre Cronje answering a question on whether any cooperation can be expected on the first anniversary of the collaboration said that something is in process and may go live in the coming 1 or 2 weeks. And hence the CRV bull rally will be more poised to hit the target.
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