CRV (Curve DAO Token) rose 10.07% in the last 24 hours.

Gate News Bot news, on December 23, according to CoinMarketCap, as of the time of writing, CRV (Curve DAO Token) is currently priced at 0.38 USD, having risen 10.07% in the last 24 hours, with a high of 0.38 USD and a low of 0.33 USD. The current market capitalization is approximately 547 million USD, an increase of 50 million USD compared to yesterday.

Important Recent News about CRV:

1️⃣ The rise in derivatives activity diverges from spot performance The open interest has risen by about 6.6% in the past 24 hours, indicating an acceleration of speculative capital entering the market. However, this activity in the derivatives market has not received strong support from spot prices, reflecting a widening divergence between bulls and bears in the market. Currently, the spot price is supported at $0.38, and compared to the bullish sentiment in the derivatives market, the technical performance is more cautious.

2️⃣ The overall environment of the DeFi sector is under pressure In the context of weak sentiment in the crypto market, Bitcoin has encountered resistance and retreated around 90,000, which has a suppressive effect on the DeFi sector. As the core asset of the Curve DAO ecosystem, the price performance of CRV is significantly influenced by the overall market risk sentiment, which is an external constraint facing the current rebound.

3️⃣ The Importance of Key Support Levels in Technical Analysis The weekly structure shows that after the price broke below $0.49, a clear downward wave formed, and the key support level at $0.37 was not effectively held. Currently, the $0.38 area has become the key invalidation point for the short term. If the price can strongly recover and stabilize in this area, it will disrupt the bearish logic and may trigger a technical rebound. The money flow indicator continues to weaken, and the medium-term downward momentum has not fully dissipated, so risk control still needs to be emphasized.

This message is not intended as investment advice; investors should be aware of market volatility risks.

CRV3.16%
BTC-0.31%
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LetTheBulletsFlyForvip
· 12-23 06:22
Christmas rush it! 🚀
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