Published: Apr 1, 2025 at 04:45 AM
Updated: Mar 31, 2025 at 08:21 PM
- CRV confirms a bullish breakout, signaling potential for further gains.
- Fibonacci levels highlight key resistance points in CRV’s upward path.
- Volume is essential in confirming CRV’s breakaway and bullish rally.
Curve DAO Token (CRV) is showing bullish power as investors are tracking significant technical levels. Market movements indicate the ongoing trend towards an upbeat mood, supported by recent breakout trends.
CRV has broken out of a prolonged consolidation phase, signaling a bullish trend. According to market analyst Lucky, the CRV/USDT pair on Binance has seen a strong bullish breakout after consolidating within a symmetrical triangle pattern for months. The breakout in early November 2024 ended the consolidation and kicked off an uptrend. After breaching the upper trendline, the price surged, confirming the pattern.
Source: Lucky
Following this rally, the price formed a falling wedge and a bullish reversal setup before breaking out in early April 2025. This move signals further upside potential, driven by strong buying activity. Lucky identifies a solid support level at $0.215, which has held firm against declines.
On the upside, resistance levels at $0.8620, $1.0655, and $1.3368 act as potential targets if the trend continues. Currently trading at $0.5813 with a 5.86% daily gain, the pair shows growing market confidence. A green projection arrow on the timespan suggests a steady rise with occasional pullbacks to confirm breakout points before resuming its climb.
Additional highlights from Ali Martinez provide a broader technical view of CRV’s trajectory. The analysis identifies a descending channel pattern, reflecting a long-term downtrend since mid-2022, marked by lower highs and lows. The 0.618 Fibonacci retracement level at $0.7212 remains a key resistance point, repeatedly tested but not yet broken.
Source: Ali Martinez
Additional resistance levels at $1.1086 and $1.6969 continue to limit upward movement. A rebound from the 0.786 Fibonacci level at $0.3919 suggests a possible bottom, supported by the lower boundary of the descending channel.
Price just increased 16.66% to $0.58687, fueling bullishness. However, a break past the 0.618 Fibonacci level is required for a reversal to be complete. Failure to clear the level can cause the price to consolidate some more or retest lower levels
Both analysts stress the importance of trading volume in confirming breakouts and sustaining upward momentum. Strong volume during breakout phases confirms active participation, supporting price gains.
Watching volume, retests, and resistance interactions will be key for traders looking at CRV’s potential move toward $1.3368. These technical signals suggest a cautiously optimistic outlook for Curve DAO Token in the coming months.
Cryptonewsland – Your Daily Crypto News – Read More