Curve DAO’s CRV token has seen a significant decrease of 32% recently, indicating strong bearish sentiment as it struggles to maintain its value below 0.70 USD.
A crucial price zone exists between 0.42 and 0.50 USD. This area could signal either a potential recovery for CRV or further declines if the bearish trend persists.
Market indicators, including the Chaikin Money Flow and On-Balance Volume, highlight ongoing bearish momentum, reinforcing the likelihood of a deeper price retracement.
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