- CRV breaks out from a multi-month wedge, eyeing $0.89 as the next Fib target.
- CVX compresses at support, setting up for a potential breakout from the $2 zone.
- CrediBULL eyes up to 30x on CVX, with CRV trailing but already up 29% from lows.
CRV and CVX are showing strong technical recovery signs after revisiting multi-year lows within historical demand zones. Structural alignment with Fibonacci retracements and renewed breakout behavior now supports mid-term targets as both assets show fresh accumulation.
Multi-Year Patterns Suggest Momentum is Building
Curve and Convex have completed full retracements, returning to base levels that previously triggered strong upward moves. Both tokens now trade within established demand zones, where price has begun to react with strength. A deeper view into their potential comes from one trader active in crypto macro cycles.
In recent commentary, CrediBULL Crypto outlined why he’s tracking both $CVX and $CRV closely despite CVX lagging. He notes CVX is revisiting its $1.87–$2.15 demand range, where previous bottoms formed before major rallies. His analysis points out that CVX could deliver up to 30x from current levels if it returns to its macro high.
<embed> https://x.com/CredibleCrypto/status/1914055716425420949 <embed/>
He also emphasized that while CRV currently leads in price action, lagging assets often bring higher long-term returns. CRV shows a 29% gain off recent lows, suggesting early interest, but has smaller upside projections overall. CrediBULL expects CRV to reach 3–5x initially, with 10x possible if previous cycle highs are tested.
The midpoint resistance zones, $1.49 for CRV and $10.70 for CVX, remain unbroken for now, marking the next key levels to watch. CVX price compressing at support may suggest reduced volatility and a setup for a breakout. Candle performance and demand zone respect across both charts reinforce strong technical setups.
Wedge Breakout Adds Confidence to CRV’s Upside
A separate view shared by Rose Premium Signals brings attention to a breakout pattern on CRV’s weekly chart. The structure shows a descending wedge forming from January highs, with price consolidating tightly near $0.45. CRV’s price eventually pushed through this pattern, marking a bullish shift in momentum.
Source: Rose Premium Signals
This breakout candle formed after repeated support tests and now drives price toward higher Fibonacci levels. CRV trades near $0.6230 and is targeting the 0.5 retracement at $0.8991 as the next key move. If CRV’s price clears that level, the next resistance rests near $1.3283, the January peak.
Each candle since the breakout has held higher lows, confirming structure continuation in the bullish direction. According to Rose, no immediate reversal signs appear, and volume has likely remained steady, though not directly shown. The setup presents clean resistance zones and shows CRV moving through Fibonacci milestones with precision.
