CURVE DAO Token Report
Curve DEX is a decentralized exchange optimized for stablecoins and pegged assets, utilizing an automated market maker (AMM) to handle liquidity. Its primary purpose is to facilitate swaps between assets that are intended to maintain the same value. This is useful in the DeFi ecosystem as there are plenty of wrapped tokens and synthetic tokens that aim to mimic the price of the real underlying asset.
CRV is ranked #69 with a market capitalization of over $817 million. The current market price of the token is 0.62 USDT
The CRV/USDT price had been consolidating since early February, this year. On the daily time-frame, the trend has broken out of the flat consolidation levels with considerable volume support. The RSi indicates a strong upward momentum. The next resistance is expected at 0.78 USDT and an immediate support is expected at 0.56 USDT.
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