Curve Dao has experienced a three-day rally, reaching a high of $0.93 after hitting a low of $0.687. This upward trend comes after a weekly decline of 22.94%. Whales have been accumulating CRV, increasing their holdings by 40% in recent weeks. Additionally, negative spot netflow suggests investors are withdrawing assets from exchanges, indicating accumulation. A bullish crossover on the Stoch RSI and a negative MVRV score of -3.07, which signals undervaluation, further support a bullish outlook.
Over the past few days, the altcoin has managed to hit a high of $0.93. At the time of writing, Curve Dao was trading at $0.836. This marked a 7.33% increase in 24 hours. Prior to these gains, CRV was on a downward trajectory, declining by 22.94% on weekly charts.
Thus, whales have bought 400 million tokens over the past weeks. When whales turn to accumulation, it shows their confidence in the market and anticipates prices to gain in the near future.Additionally, Curve’s Spot netflow has remained negative over the past week signaling investors are actively accumulating CRV. A negative spot netflow implies that most traders are withdrawing their assets off exchanges to private wallets or cold storage.
Curve Dao CRV Price Surge Whales Accumulation Bullish Reversal Undervaluation
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum Whales Dominate Network, Raising Questions About Future Price TrajectoryThe increasing dominance of Ethereum whales, with over 57% of the total ETH supply held by 104 wallets, raises concerns about market control and price volatility. While whale accumulation suggests bullish sentiment, their concentrated holdings also pose potential risks.
Read more »
ADA Whales Fuel Bullish Sentiment, But Will It Drive Price Up?ADA whales are accumulating, showing positive signs for the asset's future. While the market remains balanced, the rising demand and activity from large investors suggest a potential price reversal.
Read more »
Polygon (POL) Price Plummets as Whales Sell, Retail Traders Embrace Short PositionsPolygon (POL) experiences a significant price decline as whales offload their holdings, fueling a bearish trend that attracts short positions from retail investors.
Read more »
Cardano Whales Fuel Optimism Amidst Price VolatilityCardano (ADA) has seen wild price swings in recent weeks, leaving investors uncertain about its future direction. Despite the volatility, the recent buying activity of Cardano whales suggests a potential for price recovery.
Read more »
XRP whales buy the dip – Analyzing impact on price actionRipple’s (XRP) price stabilizes as whales accumulate heavily. Neutral MVRV ratio and reduced sell pressure suggest recovery ahead.
Read more »
Tron price prediction: Can whales push TRX to $0.50?TRX has surged by 70.22% on daily charts. Tron's market cap has reached an all time high while TRX reached an ATH over the same period
Read more »