- Curve DAO Token (CRV) has experienced a strong uptrend, with a notable price surge over the past week.
- In the last 24 hours, CRV’s value has increased by 8.96%, adding to a 41% gain over the past week.
- Analysts are optimistic about CRV’s potential for further upward momentum.
- A bullish breakout could push CRV to targets of $0.3050, $0.3950, $0.4800, and $0.5850.
Curve DAO Token (CRV) has had a truly impressive uptrend over the past week. It has captured the eyes of the crypto community by surging in its value. The investors and analysts are keenly watching the performance of the CRV that strongly showed signs of further upwards momentum.
As of now, the price of CRV sits at $0.280979, and is supported by a strong 24-hour volume of $456.81Mn. The market cap of the token is $342.83Mn, with a market dominance of 0.02%. Just in the past 24 hours alone, the value of CRV has surged by as much as 8.96%, building off the already impressive increase of 41% it has had within the last week.
Analysts are pretty optimistic about the trajectory of CRV, suggesting that the recent surge could be just the beginning of a more sustained upward move. With market sentiments finally turning bullish, the days to come might see a new high of CRV, driven by strong trading volumes and a rise in investor interest.
Curve DAO (CRV Could Hit $0.5850 if Bullish Breakout Holds
Curve DAO’s native token, CRV, is currently on the radar of market watchers owing to the emergence of signs pointing out a probable bullish breakout, according to a well-known crypto analyst, Jonathan Carter. According to this renowned crypto analyst, on its daily chart, CRV had been tracing a falling wedge pattern, often associated with impending upward momentum.
Recently, Curve DAO’s price found strong support around the $0.22 level. This key support zone served as a catapult in pushing upwards the token and gave a subtle hint of a major trend reversal. All it would take, the analyst points out, is for CRV to break above this descending resistance line and set the stage for a substantial rally
Targets for the potential upward movement of CRV have been projected at $0.3050, $0.3950, $0.4800, and $0.5850. Knowing each price level is a decision point by itself, traders will be eyeing it closely to see if there will be signs of sustained momentum or possible resistance.
However, this is a time when the CRV might turn course, giving way to a drive out of the current pattern and an ensuing bullish run. Both investors and traders will be eyeing this occurrence by the token with bated breath, hoping it will continue its run toward the expected. targets.
Related | Tether’s Ardoino Sounds Alarm Over MiCA’s Risk to Stablecoins
