A significant whale recently withdrew 12.5 million Curve DAO Tokens (CRV) from Binance and OKX exchanges within four hours. Valued at approximately $3.17 million, this large-scale withdrawal was accompanied by substantial attention from the cryptocurrency community and market analysts.
The withdrawal of such a large amount of CRV has led to bearish sentiment in the market. In the last 24 hours, CRV’s price has dropped by 1.95%, now trading at $0.2665. Additionally, CRV trading volume decreased by 2.00% to $74,760,076, indicating possible continued bearish sentiment.
Market analysts closely watch CRV’s support and resistance levels, currently at $0.2509 and $0.2725, respectively. The price pattern shows a falling wedge, suggesting a potential price reversal. If the price is rejected at the upper line of the wedge, it could drop 63.22% to $0.0940.
CRV Wedge Pattern Hints at Potential Rally
If CRV finds support at the $0.0940 level, the market might see a significan
We współpracy z: https://www.thecoinrepublic.com/2024/08/01/will-crv-price-find-support-after-whales-large-scale-withdrawal/
