Curve ( CRV) instantaneous sale of $ 7 million in the swap pool brought the coin price to the bottom.
An unknown wallet drained $7 million worth of CRV and $14 million WETH from the CRV swap pool. The price instantly moved from $0.609 to $0.10. Although the instant collapse movement was seen in SushiSwap, decreases of close to 22 percent were observed in popular crypto exchanges. How is the graph of CRV, which has fallen in popularity with recent events, progressing?
Curve (CRV) technical evaluation
CRV, which has been in a downtrend since $0.877, has lost a lot of value with the last move of the whale. The popular coin, which directly pinned from $ 0.72 to $ 0.583, experienced a decrease of 21.51 percent. The price was able to climb above the upper resistance at $0.64. However, it is only slightly above this level.
On the CRV side, the levels that need to be exceeded in order to continue the bullish expectations are $ 0.673 and $ 0.718. With the voluminous breakouts of these resistances, a retracement to $0.78 and $0.87 can be expected. The realization or possible risk of whale sales, BTC’s bearish pricing, could push the CRV price down further. Support points that can be followed in this process are 0.64 – 0.60 and 0.558 dollars.
