Curve DAO Price Prediction: 2024, 2025, 2030

CRV price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the weekly chart revealed the peak resistance at $0.84.
• The lowest price floor for this token can be anticipated at $0.21.

2. Market sentiment

• As of July 2024, the overall market sentiment is seen to be strongly bearish.

3. Predictive forecasts

• Our AI/ML predictive algorithms forecast CRV trade at an average price of $18 in 2029 and $1,200 in 2035.

Gain deep insights on CRV’s future via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

CRV technical analysis: Bullish hopes fade amid rising pressure

The CRV technical analysis covers historical price movements and recent market dynamics. Understanding these developments lays the groundwork for estimating the Curve DAO price prediction for 2024.
 

The higher time frame chart revealed the asset to have been moving in a range for most of the period. The initial rejection at the highest yearly resistance of $0.84 catalyzed a downturn.

Thus, the market bled continuously for almost three months, driving the asset to the lower range limit of $0.41 by September. In mid-month, bulls briefly reappeared, causing a slight uptick in price. Yet, the strength waned, and the price returned to its base by the following month.

This setback was succeeded by a substantial recovery that lifted many altcoins from their lows, including CRV. Renewed investor interest propelled the price above the midline of $0.61 by December, sparking a subtle yet notable shift towards a bullish market sentiment.
 

Nonetheless, the selling pressure thwarted the sustainability of this rally, leading to additional declines that brought the price back near its previous support by late January. The succeeding February rally was different, with consecutive green candles pushing the price to retest the peak resistance in early March. 

Yet, a similar pattern repeated, and the token retracted to $0.41 by April. While this level remained a reliable base for nearly a year, persistent attacks over two months eventually flipped it into resistance. Consequently, the asset broke the 11-month range to drop to $0.30 by mid-June.

A debt crisis triggered this bearish breakdown. AMBCrypto reported that Michael Egorov, the founder, borrowed around $95.7 million in stablecoins against $141 million in CRV across five protocols, with $50 million on a platform charging 120% Annual Percentage Yield (APY). The falling CRV value triggered liquidations, exacerbating the price drop. This panic led to a surge in CRV being sent to exchanges, with the exchange reserves hitting an all-time high (ATH).

The aftermath of this pessimism was CRV hitting a new all-time low (ATL) of $0.21 in early July. Consequently, $0.24 became the lowest support. At the time of writing, the token was trending close to this low, trading at $0.25. 

If the investors continue to withdraw, the asset might see new lows. In this case, the next support could be established at $0.21. Conversely, a bullish rally in these conditions would need substantial backing. This would make reclaiming $0.30 an immediate target. A move over the next barrier can make market conditions favorable, opening up the path to challenging the highest resistance.

Long-term projections from predictive models reflect robust growth for the asset. As per the forecasts, CRV is expected to trade at an average price of $18 in 2029. Over the following years, this value is anticipated to multiply exponentially, reaching an impressive $1,200 by 2035.

CRV's 2024 roadmap: Key indicators to watch and trade

• The Awesome Oscillator (AO) mainly stayed below the zero line. During the analysis, positive values were registered only between late December and early January and between early March and mid-April. The AO stood at -0.2174 at press time, indicating a bearish momentum.
• The On-Balance Volume (OBV) indicator descended until early September. It dropped again after an upward movement until early March and maintained relatively stable momentum between early April and early May. 
• This stable phase preceded a sharp drop coinciding with the asset’s fall to its lowest support, which turned the OBV values negative. At the time of writing, the indicator had recovered to 168.776 million. This highlighted a cooling off of selling pressure.
• Throughout the analysis period, trading volume remained extremely low. However, as the price plunged to its lowest support, it surged, highlighting accumulation driven by low prices.