Curve DAO Token (CRV) Price Prediction 2023 — Will CRV Hit $2 Soon?

• Bullish CRV price prediction is $1.069 to $1.544.
• Curve DAO Token (CRV) price might also reach $2 soon.
• Bearish CRV price prediction for 2023 is $0.514.

In Curve DAO Token (CRV) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about CRV to analyze the future movement of the cryptocurrency.

Curve DAO Token (CRV) Current Market Status

Current Price	$0.9409
24 – Hour Trading Volume	$131,698,988
24 – Hour Price Change	3.8% up
Circulating Supply	650,331,242
All – Time High	$15.37 (On August 14, 2020)

What is Curve DAO Token (CRV)?

Curve DAO is a decentralized exchange (DEX) for stablecoins that utilizes an automated market maker (AMM) to manage liquidity. AMMs provide a different model of trading in which assets can be exchanged without any permission and in an automated manner. Curve DAO DAO token CRV is used to incentivize liquidity providers, similarly, holders can also take benefit from CRV by participating in network governance.

Curve DAO Token (CRV) Price Prediction 2023

Curve DAO Token (CRV) holds the 67th position on CoinGecko right now. CRV price prediction 2023 is explained below with a daily time frame.

The above chart of Curve DAO Token (CRV) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action is sideways. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. When the price hits the top of the channel, sell your existing long position or take a short position. The difference between the other two is that a horizontal channel is characterized as having equal highs and lows. 

Currently, Curve DAO Token (CRV) is in the range of $0.8951. If the pattern continues, the price of CRV  might reach the resistance levels of  $1.573 and $4.729 If the trend reverses, then the price of CRV may fall to $0.534.

Curve DAO Token (CRV) Support and Resistance Levels

The chart below shows the support and resistance levels of Curve DAO Token (CRV).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Curve DAO Token (CRV). 

Resistance Level 1	$1.069
Resistance Level 2	$1.544
Support Level 1	$0.791
Support Level 2	$0.514

The charts show that Curve DAO Token (CRV) has performed a bullish trend over the past month. If this trend continues, CRV might run along with the bulls overtaking its resistance level at $1.544.

Accordingly, if the investors turn against crypto, the price of Curve DAO Token (CRV) might plummet to almost $0.514, a bearish signal.

Curve DAO Token (CRV) Price Prediction 2023 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Curve DAO Token (CRV) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of CRV lies below the cutoff line, indicating weak participants in the current trend.

Also, the Moving Average (MA) of Curve DAO Token (CRV) is shown in the chart above. Notably,  Curve DAO Token (CRV) price lies above 50 MA (short-term), so it is in an uptrend. Currently, CRV has entered a bearish state. Therefore, there is a possibility of a reversal trend of CRV at any time.

Meanwhile, the relative strength index (RSI) of the CRV is 86.44. This means that Curve DAO Token (CRV) is in an overbought state. However, this means a major price reversal of CRV may occur in the upcoming days. So, traders need to trade carefully. 

Curve DAO Token (CRV) Price Prediction 2023 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Curve DAO Token (CRV). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Curve DAO Token (CRV). Currently, the ADX of CRV lies in the range of 44.051 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of Curve DAO Token (CRV). RVI measures the constant deviation of price changes over a period of time. The RVI of CRV lies above 50, indicating high volatility. In fact, the RSI of Curve DAO Token (CRV) is at 86.44 thus confirming a potential buy signal.

Comparison of CRV with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Curve DAO Token (CRV).

Curve DAO Token (CRV) Price Prediction 2024-2030

Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Curve DAO Token (CRV) between 2024 and 2030.

Curve DAO Token (CRV) Price Prediction 2024

With several upgrades in the network, Curve DAO Token (CRV) might enter a bullish trajectory. If the coin grabs the attention of major investors, CRV might rally to hit $5 by 2024. 

Curve DAO Token (CRV) Price Prediction 2025

If Curve DAO Token (CRV) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, CRV would rally to hit $12

Curve DAO Token (CRV) Price Prediction 2026

If Curve DAO Token (CRV) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, CRV would rally to hit $16

Curve DAO Token (CRV) Price Prediction 2027

If Curve DAO Token (CRV) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, CRV would rally to hit $21

Curve DAO Token (CRV) Price Prediction 2028

Curve DAO Token (CRV) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, CRV would hit $26 in 2028.

Curve DAO Token (CRV) Price Prediction 2029

If investors flock in and continue to place their bets on Curve DAO Token (CRV), it would witness major spikes. CRV might hit $29 by 2029.

Curve DAO Token (CRV) Price Prediction 2030

With greater advancements in the Curve DAO Token  ecosystem, the crypto community might continue to invest in CRV for the next 8 years and drive significant price rallies for the token. Hence, Curve DAO Token (CRV) might hit $35 by 2030.

Conclusion

With continuous improvements in the Curve DAO Token  network, we can say that 2023 is a good year for CRV. For this reason, the bullish price prediction of Curve DAO Token (CRV) in 2023 is $1.544. On the other hand, the bearish price prediction of Curve DAO Token (CRV) price prediction for 2023 is $0.514.

Furthermore, with the advancements and upgrades to the Curve DAO Token  ecosystem, the performance of CRV would help to reach above its current all-time high (ATH) of $15.37 very soon. But, it might also reach $2 if the investors believe that CRV is a good investment in 2023.

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                                                                                                                                                                         Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.