Curve DAO Token (CRV) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Decentralized Exchange has declined 4.34% to $4.34.
Moderately Volatile
InvestorsObserver gives Curve DAO Token a moderate volatility rank of 45, placing it in the bottom 45% of cryptos on the market.
The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day.
CRV’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Curve DAO Token price is in a favorable position going forward. With support at $4.11 and resistance set at $4.52. This leaves Curve DAO Token with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.