- CRV breaks out from a falling channel, confirming a bullish flag pattern on daily timeframe.
- Price consolidation above previous resistance confirms breakout and suggests strong support.
- Measured move projects 56% upside to $1.18, aligning with key historical resistance.
Despite a slight 2.31% dip today,Curve DAO (CRV) trades at $0.7788 with a strong $124 million volume. it’s up over 13% in the past week, signaling renewed bullish momentum after a key breakout.
Curve DAO Confirms Bullish Breakout
Curve DAO Token (CRV) has made a clear move after breaking free from a bearish channel that kept it pressured for weeks. Currently trading near $0.78, the daily chart reveals a textbook bullish flag breakout — a sign that momentum could be shifting upward.
The price pulled back slightly to retest the old resistance level, which has now turned into support. This classic pattern adds confidence that the breakout is genuine.
The move was followed by a rise in trading volume, showing stronger buyer interest, therefore CRV needs to hold above the $0.74 support to maintain this bullish outlook.
Targeting $1.18: A 56% Upside Move in Sight
Using the measured move method, CRV could be heading toward $1.18 — a possible 56% gain from current levels. This target aligns with key past resistance zones, adding weight to the bullish setup. The confluence of technical signals gives traders a strong risk-to-reward opportunity.
Still, caution is key. If the price slips back below the breakout zone, the setup could fail, pulling CRV toward lower supports. For now, the chart and rising volume suggest the rally has room to grow.
Short-Term Consolidation Could Precede Further Gains
Although the daily chart for CRV looks strong, lower timeframes are hinting at a possible consolidation phase. The price is moving between $0.75 and $0.81, suggesting a period of range-bound trading before the next big move.
This pause is common after a breakout, for it gives the market time to absorb gains and build fresh momentum, for traders looking to buy near the lower end of the range and take profits near resistance.
A solid close above $0.81 could open the door for renewed buying pressure, potentially sending CRV toward the $1.18 target. The breakout from the falling channel is a key moment for Curve DAO.
With volume rising and technicals aligning, the token has room to rally — as long as it holds above its breakout support levels. Watching this zone is critical for investors.
