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 $0.20.

2. Market sentiment

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

3. Predictive forecasts

• Our AI/ML predictive algorithms forecast CRV trade at an average price of $1 in 2032 and $2 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: Prolonged bearish bias hinders recovery potential

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 that the asset had been moving in a range since June. The previous rejection at the highest yearly resistance of $0.84 catalyzed a downturn.

By September, this market bloodshed drove the asset to the lower range limit of $0.41. The bulls briefly reappeared mid-month, 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 $0.60 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 lower limit 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. This level has stood as a reliable base since late 2020. Nevertheless, persistent attacks over two months eventually flipped it into resistance. Consequently, the asset broke the yearly range to drop to the lowest annual support of $0.24 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 selling pressure did not let the subsequent test of $0.33 succeed. Therefore, it returned to the lowest support in early July. In early August, CRV hit a new all-time low (ATL) of $0.18. 
 

However, the price surged mid-month to retest the previous resistance, which was rejected again. At the time of writing, the token was trading at $0.26.

How high/low can CRV go in 2024?

A bullish rally in these conditions would require substantial backing, making reclaiming $0.33 an immediate target. A move over $0.41 can make market conditions favorable, opening up the path to challenging the highest resistance.
 

Conversely, if the investors continue withdrawing, the asset might see new lows. In this case, the next support could be established at $0.20. 
 

Long-term projections from predictive models reflect mediocre growth for the asset. As per the forecasts, CRV is expected to trade at an average price of $1 in 2032. Over the following years, this value is anticipated to reach $2 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 -0.1345 at press time, indicating a slight decrease in bearish momentum.
• Throughout the analysis period, trading volume remained extremely low. However, as the price plunged to its lowest support, it surged, highlighting accumulation. An uptick in volume also supported the recent recovery, reflecting investor backing.
• The 20 and 50-week Exponential Moving Averages (EMAs) predominantly stayed above the price, with the latter dominant. The 20 EMA was briefly flipped to support between November and late December and mid-February and April.
• Meanwhile, the candles moved over the 50 EMA in early March only to drop later. These dynamics highlighted a continuing downtrend.