- CRV shows bullish momentum after breaking a falling wedge, with key resistance at $0.86 and an extended target of $1.33.
- A breakout above $0.6759–$0.8346 could confirm a bullish reversal, accelerating gains and signaling a market structure shift.
- CRV/BTC mirrors the bullish trend, with a breakout above 0.00000662 BTC confirming further upside potential.
According to Crypto analyst Lucky, CRV is displaying strong bullish momentum, signaling a potential breakout. Market sentiment has turned positive, supported by increasing trading volume. Investors appear confident in CRV’s future price. The price action suggests Q2 could be a pivotal period for Curve Finance, with significant movements anticipated.
The CRV/USDT on Binance shows a prolonged downtrend followed by a bullish breakout. Initially, the price traded within a descending triangle pattern before surging higher. This move marked a major trend shift, pushing the price to new local highs. After peaking, CRV entered a falling wedge pattern, characterized by lower highs and lower lows.
However, a bullish reversal is indicated by the recent breach above the declining trendline. The breakout zone indicates a significant change in the mood of the market. The levels of support are $0.2196 and $0.3641. With an extended goal of $1.3368, resistance on the upside is located at $0.8620 and $1.0685. At the moment, CRV is trading at $0.5813, up 5.86% per day.
Potential Price Movement and Key Levels
Following the breakout, CRV may retest the breakout zone before advancing higher. Holding above this level could confirm bullish momentum. The next resistance at $0.86 remains a key hurdle. A breakout here may lead to further gains toward $1.0685. If buying pressure persists, CRV could attempt to reach $1.33 in the coming months.
Market structure suggests a shift from bearish to bullish sentiment. Historically, falling wedge breakouts indicate strong reversal signals. The previous breakout from the triangle pattern resulted in substantial gains. If the pattern repeats, CRV could see a strong continuation to the upside.
LTF Resistance and Confirmation Signals
A lower timeframe (LTF) analysis by crypto analyst CrediBull Crypto, highlights a critical resistance zone between $0.6759 and $0.8346. A clean breakout above this region could accelerate bullish momentum. Clearing this level would confirm that the bottom is in place.
The CRV/BTC chart also mirrors this trend. Price action shows a decline from December 2024, followed by a February 2025 bottom. The current price of 0.00000633 BTC marks a 3.09% increase. The key resistance zone ranges from 0.00000662 BTC to 0.00000790 BTC. A breakout here would further validate the bullish reversal.
Both charts indicate a shift in market structure. CRV must clear resistance zones to confirm a strong uptrend. Favorable developments in Bitcoin’s price action could further support CRV’s breakout.
