CRV Price Surged 20% as It Broke Out of Its Range Trading

For the past two weeks, CRV had been stuck in a sideways chop, trading within a narrow band that left many traders unsure of the next direction.

For the past two weeks, CRV had been stuck in a sideways chop, trading within a narrow band that left many traders unsure of the next direction. However, that changed dramatically as we saw a Curve DAO Price Surge when it broke out of its 12-day trading range with a sharp upside move, quickly turning heads in the crypto market.

The breakout of the 12-day trading range was no small feat. It involved a concentrated effort by the bulls to overcome a key resistance level that had been preventing CRV from making any significant gains. But what happened after the breakout is equally interesting and could have important implications for the next leg of CRV’s price action.

As the breakout unfolded, volume spiked above the average at the time of breakout, indicating that traders weren’t just observing the price action from afar; they were actively participating in it. This is a bullish sign, as it shows that there is interest in moving the price.

After breaking above the 12-day trading range, CRV is now testing the previous range high, and the early signs are promising. So far, the price has managed to hold above the breakout level, which is a critical factor to consider. A successful retest of this level would serve to validate the breakout and could send CRV as much as 20% higher toward the next major CRV price resistance zone.

This setup is one to watch in the coming days, and it’s developing quickly.

What Sparked the CRV Price Surge: A Technical Breakdown

CRV’s breakout from the range wasn’t exactly a surprise. It follows a textbook compression pattern, where price volatility slowly declines and tightens into a narrow band. This period of consolidation is often characterized by smaller candlesticks, and it usually precedes a major move in one direction or the other.

In this case, the bulls ultimately won the battle, and once CRV closed a strong hourly candle above the range high, momentum kicked in. The level it broke through had been tested multiple times before, which adds credibility to the breakout.

After breaking out of the range, the price is now sitting right on the former resistance, which is now acting as new CRV price support.

Is Institutional Interest Pushing the CRV Breakout?

One of the key confluences in this structure is the VWAP (Volume Weighted Average Price), which has aligned closely with the new support zone in this CRV bullish chart pattern. This is a critical factor to consider.

When VWAP lines up with a breakout zone, it suggests that institutional or smart money is defending the level. This is especially relevant in choppy markets, where we often see institutional activity playing a role in sustaining trends.

The current chart pattern not only includes this VWAP support but also shows signs of market structure shifting from consolidation to trending. On the hourly chart, we’re seeing candles respect the new support line, forming wicks below but closing above, a sign that buyers are stepping in every time the price dips into that zone.

How High Can CRV Go From Here? CRV Rally Forecast

If the support holds and buyers maintain control, CRV has room to move. The next significant CRV price resistance is a major daily level that also happens to coincide with a previous high.

Reaching that area would result in a 20% rally from the breakout point, which puts the focus on the follow-through. This level is more than just a number; it’s a psychological barrier and a technical pivot.

If CRV can flip that level, it may open up room for a much larger expansion phase in Curve DAO Price Surge. However, the flip side is also critical to keep in mind.

If the retest fails and price closes back below the old range, the bullish scenario gets invalidated. In that case, we might see a slide back into the previous structure, where price could chop sideways again until a new catalyst emerges.

Breakout or Fakeout: What’s Next for Curve DAO Price Action

The Curve DAO Price Surge is more than just a bounce; it’s a potential shift in trend. With a clean breakout, bullish retest, strong volume, and VWAP support, the structure is in place for a continuation. But it’s all about follow-through.

If CRV holds this zone and breaks through the next resistance level, we could see much more than a 20% rally. However, a failure here would put CRV back in range and delay the next leg of the move.

Either way, all eyes are on the charts, and Curve DAO isn’t flying under the radar anymore.