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Curve DAO is aiming for a 53% increase! CRV price is expected to rise to $8.3 soon

2022 has started with little volatility, and the trend remains largely gloomy. BTC is still hovering around the $47,500 mark, while ETH is hovering around the $3.7,500 mark. Today, most altcoins on the chart are trading in the green. FTM (+11.7 percent) and ONE are leading the race (10 percent ).

One decentralized finance (DeFi) altcoin based on Ethereum (ETH), according to Michael van de Poppe, a well-known cryptocurrency analyst and trader, is positioned for a breakthrough at the start of 2022.

According to Eight Global, Van de Poppe’s crypto teaching site, the Curve DAO Token (CRV), is currently printing a bullish market structure.

According to the expert, CRV has a nice chart and is now one of the better-looking currencies. The USDT is making higher lows and higher highs, and it appears that it will once again try to break over the 1.618 fib level.

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Source: Twitter

According to Van de Poppe’s target price of $8.35, CRV has a potential upside of around 53% from its current price.

CRV price analysis

Curve Finance’s governance token, CRV, is a decentralized stablecoin exchange that draws deep liquidity to ensure zero slippage. It is the 74th most valuable cryptocurrency in terms of market capitalization.

CRV is trading at $6.21 at the time of writing, up 10.5 percent in the last 24 hours. The upside resistance is $6.31, while the downside support is $6.

Regarding technical indicators, the RSI is currently at 67.3, indicating Neutral action. On the other hand, the moving averages show a strong purchase signal, with 14 out of 15 averages indicating a buy signal.

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