Curve DAO about to launch its stablecoin.
Curve White Paper was released last month.
CRV prices show no improvement or chances of rise.
The price of Curve DAOs indigenous token CRV is on a constant downfall. In the past month, DAO released its white paper which spiked the prices, but the noteworthy point that caught everyone’s eye was the launch of its stablecoin– crUSD. The coin had potential to make everyone talk, but was not strong enough to make them stay. The CRV market remained deserted and continued the downtrail. The price rise was short lived and soon started retracing, resulting in a downtrend.
The char-t-ale
Source: CRV/USDT by Tradingview
The price is seen moving in a falling parallel channel. The initial analysis suggests a fall in price in the near term. All significant EMAs float above the present price action. The trading volume is nearly non-existing and shows neither buyers nor sellers.
Source: CRV/USDT by Tradingview
The CMF indicator suggests the price s
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