Curve DAO Token (CRV) is showing bullish early signals for an upcoming 5X rally. Creating this momentum, positive market signals along with strong and increasing investor appetite. The cryptocurrency has shown a lot of strong bullish momentum, recently breaking out from a one year downtrend and showing strong bullish chart patterns. According to recent trading activity, CRV appears to be setting up for a major breakout if the momentum continues.
Recent Market Performance
CRV is trading at $0.7184 at the moment, up 10% of the past 24 hours. In the last week CRV has increased 12%. Over the past 30 days, it’s up — way up — almost 46% in just a month! Additionally, the token’s market capitalization currently sits at $960.39 million as investors' confidence begins to return.
CRV’s price pump is corroborated by the significant increase in trading volume. CRV’s trading volume in the last 24 hours has increased by 85%, totaling $199.54 million. This increase in movement is indicative of strong buying pressure as well as increased interest in the token.
Key Resistance Levels and Buy Zones
According to analysts, CRV’s immediate upside resistance levels are clear targets that the coin will breakout towards in the near term. The first upside target on CRV’s radar is $1.0966, a resistance level that CRV must surmount to continue its bullish path. Additional upside could take CRV to $1.3328 while an extended bullish spree could push it toward $1.6212 if buyers continue to show up.
The most critical buy zone for CRV is set between $0.55 and $0.60. This area comes in just above the 0.618 Fibonacci retracement level. It provides a compelling entry point for investors looking to capture future growth opportunities. The convergence of technical indicators with Fibonacci levels indicates that this buy zone may serve as robust support for CRV.
Technical Indicators and Market Sentiment
CRV’s long-term downtrend breakout, along with extremely high volume suggests a change in market sentiment. Bullish chart patterns in even more technicals confirm and strengthen the argument for continued upwards movement. These technical indicators are very bullish and imply that CRV could maintain its current rally and hit the upside targets shown.
