- CRV breaks above a descending wedge pattern, showing early signs of bullish reversal after bottoming between the $0.35 to $0.45 support range.
- Momentum indicators, including RSI and MACD, show strong bullish signals as CRV continues trading above the 0.5 Fibonacci retracement level.
- Fibonacci-based upside targets at $1.0966, $1.3328, and $1.6212 align with the projected recovery path shown on the 2-week chart.
CRV is signaling a possible bullish reversal following a prolonged downtrend. A breakout above the falling wedge pattern is reinforcing the positive outlook as the price continues to consolidate near critical Fibonacci levels.
CRV Testing Key Support Zone After Breakout
According to Rose Premium Signals (@VipRoseTr), the CRV/USDT 2-week chart displays a bullish breakout from a falling wedge. The breakout marks a potential reversal following a lengthy downtrend. CRV is now testing the 0.5–0.618 Fibonacci retracement range, often seen as a pullback zone before a continuation move.
The key support for buyers lies between $0.55 and $0.60. A successful retest of this zone could offer a strategic entry, assuming price action confirms the setup. The structure shows accumulation between $0.35 and $0.45, forming a stable base from which price is now rebounding. Failure to hold above $0.45 may invalidate the bullish scenario.
Technical Indicators Suggest Increasing Bullish Momentum
CRV is trading at $0.7127 with a 24-hour gain of 7.87% and a weekly increase of 9.35%. The current move reflects renewed market interest. The RSI now reads 57.69 and has crossed above the neutral line, indicating growing momentum without approaching overbought territory.
The MACD has also shown a bullish crossover, with both the MACD and signal lines trending upward. The green histogram bars are expanding, confirming the strength behind recent price action. This setup strengthens the possibility of a continuation rally if current momentum is sustained.
CRV Price Targets Projected Through Fibonacci Extensions
CRV’s bullish recovery has defined clear upside targets based on Fibonacci extension levels. The breakout structure suggests three key targets ahead: $1.0966, $1.3328, and $1.6212. These levels align with a projected Elliott Wave-style move, pointing toward progressive resistance points.
Market sentiment has shifted, as CRV transitions from a capitulation phase to accumulation. A strong bounce from the current zone could push price toward the first target at $1.0966. Confirmation of higher lows and sustained volume may support further movement toward the next targets. The overall chart structure supports a cautiously optimistic outlook as long as key support holds.
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