VIC is trading above a rising trendline at $0.2762 with support at $0.2665 and resistance at $0.2887. Currently, it is consolidating in a narrow price range amid low volatility, facing a critical point for potential upward movement toward $0.4473. However, a drop below $0.2665 could threaten its bullish structure.

Author: Vic TALK; Source: Author twitter@victalk\_eth My personal views on Curve’s liquidation incident: the most dangerous liquidation test period is now over. The debt on Fraxlend has been paid off a lot, and now there is 910w left, which seems to be at a healthy level at present. This crisis is entirely the founder Michael's personal reasons. Although he sold coins through OTC to repay the money today, compared to his price, he still made money. Michael's huge Crv position on the chain not only caused today's liquidation situation, but also bound the price of Crv to most of the defi. Once the liquidation of crv really happened, not to mention the high probability that the entire crv ecology would be over. Lending agreements such as AAVE will also have a large amount of debt owed. Once Curve is over, for de...