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6 February 2023
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CRV coin price analysis: CRV coin price trades at an interesting level.


  • The CRV coin price is trading in a very small range on a daily time frame, following the strong fall.
  • CRV coin price is forming a sideways parallel channel pattern on a daily time frame.
  • The pair of CRV/BTC is trading at the price of 0.00003943 with an increase of 0.34% in the past 24 hours.
Source: CRV/USDT by tradingview

According to the price action, the CRV coin price is forming higher high and lower low patterns on an hourly time frame from the demand and supply zones, respectively. On a broader time scale, the CRV coin price is now consolidating around a major supply. For a long time, the CRV coin price has been trading below the supply zone after breaking through the important demand zone.

The sideways parallel channel pattern has formed as a result of the uncertain pricing structure. The CRV coin price is now producing Doji candles, which are uncertain, and so the CRV coin price can break out on any side. The price of the CRV coin is currently trading below the 100 and 50 MA. As the coin price rises, it is likely to be rejected by these MAs. If the coin price successfully breaks the supply zone, it may result in the breakout of the 50 and 100 MA, which will then act as a support zone.

  • The CRV coin price is trading in a very small range on a daily time frame, following the strong fall.
  • CRV coin price is forming a sideways parallel channel pattern on a daily time frame.
  • The pair of CRV/BTC is trading at the price of 0.00003943 with an increase of 0.34% in the past 24 hours.
Source: CRV/USDT by tradingview

According to the price action, the CRV coin price is forming higher high and lower low patterns on an hourly time frame from the demand and supply zones, respectively. On a broader time scale, the CRV coin price is now consolidating around a major supply. For a long time, the CRV coin price has been trading below the supply zone after breaking through the important demand zone.

The sideways parallel channel pattern has formed as a result of the uncertain pricing structure. The CRV coin price is now producing Doji candles, which are uncertain, and so the CRV coin price can break out on any side. The price of the CRV coin is currently trading below the 100 and 50 MA. As the coin price rises, it is likely to be rejected by these MAs. If the coin price successfully breaks the supply zone, it may result in the breakout of the 50 and 100 MA, which will then act as a support zone.

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