Curve DAO and Aethir Price Prediction: CRV and ATH bulls poised for double-digit gains

Curve DAO and Aethir prices broke above their descending trendline, hinting at an upward trend.Momentum indicators of CRV and ATH show a positive outlook, suggesting a rally ahead.On-chain data paints a bullish picture as CRV's open interest and ATH's daily active addresses are rising.Curve DAO (CRV) and Aethir (ATH) prices broke above a descending trendline, hinting at an upward trend. At the time of writing on Friday, CRV rises 5.7% daily and trades at around $0.59, while ATH consolidates recent gains and hovers around $0.031. Momentum indicators of both altcoins show a positive outlook, suggesting a rally ahead. Additionally, on-chain data paints a bullish picture as CRV's open interest and ATH's daily active addresses are rising.Curve DAO bulls aim for 17% gains Curve DAO price broke above a descending trendline (drawn by connecting multiple highs since early December) and closed above its 200-day Exponential Moving Average (EMA) at $0.54 on Thursday. At the time of writing on Friday, it gains 5.7% to trade at around $0.59.If CRV continues its upward trend, it could extend the rally by 17% from its current levels to retest its daily resistance at $0.69. A successful close above that level could extend an additional gain of 20% to retest its January 31 high of $0.83.The Relative Strength Index (RSI) on the daily chart reads 61, indicating bullish momentum. The Moving Average Convergence Divergence (MACD) indicator also showed a bullish crossover on Thursday, giving a buy signal and suggesting a continuation of the upward trend.CRV/USDT daily chartCRV's Open Interest (OI) further supports the bullish outlook. Coinglass’s data shows that the futures’ OI in CRV at exchanges rose to $167.64 million on Friday from $102.04 on Monday, the highest level since February 2. An increasing OI represents new or additional money entering the market and new buying, suggesting a rally ahead in the Curve DAO price.CRV Open Interest chart. Source: CoinglassAethir could rally after closing above a descending trendlineAethir price broke above a descending trendline (drawn by connecting multiple highs since mid-December) and closed above its daily resistance level of $0.030 on Thursday. At the time of writing on Friday, it hovers at around $0.031.If the daily support at the $0.030 level holds, ATH could extend the rally by 16% from its current level to retest its March 26 high of 0.036. A successful close above that level could extend an additional gain of 11% to retest its next daily resistance at $0.040.The RSI on the daily chart fattens around its neutral level of 50, indicating indecisiveness among traders. The RSI must move above its neutral level to 50 for the bullish momentum to be sustained. On Thursday, the MACD indicator showed a bullish crossover, giving a buy signal and suggesting a continuation of the upward trend.ATH/USDT daily chartSantiment's Daily Active Addresses index, which helps track network activity over time, aligns with the bullish outlook noted from the technical perspective. A rise in the metric signals greater blockchain usage, while declining addresses point to lower demand for the network.In ATH's case, Daily Active Addresses have risen by 39% in the last 4 days. This rise is the highest since the end of March and indicates that demand for ATH's blockchain usage is increasing, which could propel a rally in Aethir's price.ATH’s active addresses chart. Source: Santiment Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.