Curve Finance earns approval of ETH whales: Is a rally incoming?

The growing appeal of CRV was reflected in its price trajectory as well, which broke out of the $0.58-$0.5 range on 9 January to embark on a bull run, gaining almost 63%. It was chasing the important psychological level at $1.

The indicators reaffirmed the bullish narrative, as the Relative Strength Index went high into the overbought territory. The On Balance Volume too indicated that buying pressure was high as there was capital inflow into the market.Among the DEXes, Curve Finance outperformed, the largest exchange by trading volume in terms of total value locked in smart contracts. At the time of writing, Curve Finance’s TVL was estimated at $4.

An increase in TVL implied that investors had faith in the protocol, and more money was flowing through its network.

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