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- CRV jumped more than 16% in 24 hours as daily trading volume surged 174% to about $122 million.
- Curve Finance TVL increased from $1.43 billion to $1.70 billion this quarter, while network activity rebounded.
- CRV must hold above $0.345 to preserve its bullish structure, with $0.3851, $0.3976 and $0.44 as key upside levels.
Curve DAO (CRV) has posted a sharp rebound, climbing more than 16% over the past 24 hours and pushing its weekly performance into positive territory at roughly 9%. The move comes as demand for decentralized finance (DeFi) liquidity increases, while a surge in trading activity puts fresh attention on CRV’s bullish market structure.
Daily trading volume jumped 174% to approximately $122 million, signaling a significant increase in market participation. The key question now is whether Curve DAO can sustain its breakout structure and challenge higher resistance levels.
CRV Market Structure Turns Bullish
CRV’s recent price action suggests a shift from a prolonged sideways phase toward a bullish structure. The token broke above its latest higher high after spending time ranging between approximately $0.18 and $0.2877.
The $0.2877 level remains an important technical zone, particularly after CRV rebounded from its 20-day moving average. The token is also trading above both its 20-day and 50-day moving averages, strengthening the short-term bullish setup.
However, the rally still faces several hurdles. Resistance around $0.3851 and $0.3976 could slow momentum before CRV approaches this year’s high near $0.44. CRV is currently trading above $0.36, leaving it roughly 25% below that peak.
Network Activity Adds to CRV Demand
On-chain activity provides another indication that interest in Curve Finance is returning. Data from DeFiLlama shows stronger activity across the protocol, including a rise in active addresses and transactions.
Active addresses averaged more than 6,000 over the past two days, while transactions reached about 30,000 during each of those sessions. That represents a notable recovery after a prolonged period of relatively subdued network activity.
Curve’s stablecoin ecosystem also remains significant. The market capitalization of crvUSD has climbed above $283 million, highlighting the protocol’s role in providing liquidity for stablecoin and token swaps as capital moves through the broader DeFi market.
$0.345 Becomes a Key Level for Bulls
Curve Finance’s total value locked (TVL) has also strengthened. TVL rose by more than $300 million this quarter, increasing from approximately $1.43 billion in July to $1.70 billion.
Technical momentum is supported by Bull Bear Power data, which shows buying pressure returning toward levels seen before the breakout. Still, the bullish structure could weaken if CRV falls below $0.345.
Also Read: Curve DAO Could Surge 33% Soon — Are CRV Bulls Finally Back?
For now, rising volume, stronger network activity and growing TVL support the recovery narrative. If buyers defend the key support levels, CRV could continue toward $0.3976 and eventually test the $0.44 yearly peak. A break below $0.345, however, would raise the risk of a deeper correction.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
