According to its research, InvestorsObserver gives Curve DAO Token a weak long-term technical score of 22. The proprietary scoring system takes into account historical trading patterns from recent months to an entire year of the token’s support and resistance levels, as well as location relative to long-term averages.he For traders, this analysis helps to determine whether it’s a good buy-and-hold investment opportunity right now.
CRV at this time has a superior long-term technical analysis score than 22% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.
Trading Analysis
The current trading price of $2.900000000 for CRV is -$1.4900000 (-33.91%) below the tokens 100-day moving average of $4.390000000. CRV meanwhile is $1.8300000 (-758.94%) above its 52-week low of $1.070000000 and -$3.84000000 (-105.30%) under its 52-week high price of $6.740000000. Curve DAO Token’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 22. The price movement and range of CRV suggest that investors are bearish on the token at this time.
Curve DAO Token has a market capitalization of $1,314,541,909.99 and a relatively high average daily volume with $4,443,284,015.66 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, CRV’s volume is below its seven day average with 695,022,995.70 exchanged.
This token’s subclass Decentralized Exchange: A peer-to-peer (P2P) marketplace for buyers and sellers of cryptocurrencies. Decentralized exchanges keep users in control of their private keys during transactions which is not the case on a centralized exchange.
Summary
Trading patterns over the last year for Curve DAO Token leads to the token’s a weak long-term technical score of 22 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token.
