Curve DAO (CRV) price hits six-month high amid aggressive buyer accumulation
2025-07-17 12:38:13
Main Idea
Curve DAO (CRV) token price surged to a six-month high due to technical breakouts, aggressive buyer activity, and tightening on-chain supply metrics.
Key Points
1. CRV broke out above a major descending triangle pattern, targeting the $1.30–$1.50 range.
2. Exchange netflow plunged to a three-week low, indicating strong accumulation and reduced available supply.
3. Futures markets showed bullish momentum with a high RSI of 82.7 and positive funding rates.
4. Key price levels to watch include $0.9601 for breakout confirmation and $1.00 for further upside potential.
5. The rally is driven by technical, on-chain, and derivative indicators, signaling sustained strength.
Description
The Curve DAO (CRV) token has surged to its highest price in over six months, fueled by a powerful confluence of technical breakouts, aggressive buyer activity, and rapidly tightening on-chain supply metrics. At press time, CRV was trading just under the psychological $1.00 level, capping off a 42% rally so far this week and marking a remarkable 28.7% surge in the past 24 hours alone. CRV price breakout above multi-month resistance The current CRV’s uptrend follows a breakout above a major desce...
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