CRV is one of the OG defi tokens famous for the "Curve Wars" that attracted millions/billions of dollars in TVL during the bull market. Now it is cross-chain and has both L1 and L2 solutions on Avax, OP, Eth, etc. I think it'll do well in any future bull market. The downside is that it fits squarely in the anti-staking narrative which is dominating the news cycle now. Does the phrase "Buy when people are fearful?" apply to crypto?
Bull Scenario
Recently it's bounced off this level a few times, so it's worth looking into a long position anywhere above .85.
A new indicator I like to use: On-Balance Volume (OBV) seems to be ticking upwards, indicating accumulation using more sophisticated or long-term buying methods.
Bear Scenario
If it loses the .85 levels, we could see the buyers from Jan 1 take respectable profits and then this idea is invalidated and we could see a drop back down to Dec lows.
Bull Scenario
Recently it's bounced off this level a few times, so it's worth looking into a long position anywhere above .85.
A new indicator I like to use: On-Balance Volume (OBV) seems to be ticking upwards, indicating accumulation using more sophisticated or long-term buying methods.
Bear Scenario
If it loses the .85 levels, we could see the buyers from Jan 1 take respectable profits and then this idea is invalidated and we could see a drop back down to Dec lows.