Curve DAO Token (CRV) is emerging from the downtrend and showing resilience despite the bearish market conditions. The CRV price over the last 24 hours is showing stability, and over the last 24 hours it is down by 5.52%.
At the time of writing, CRV is trading at $0.6854 with a 24-hour trading volume of $151.59 million, down by 6% over the last 24 hours. The token has a market capitalization of $954.82 million, which is stable.
Source: CoinMarketCap
The general trend in the crypto market is turned bearish, mirroring the decreaing investor confidence in the crypto sector. The BTC’s downward momentum has also affected the market, including altcoins like CRV.
According to the data from CMC, the community sentiment is largely positive, with 83% of participants expressing optimism about the trend. This indicates a strong bullish outlook, as the majority expect growth or improvement. Such a high percentage suggests confidence and collective support within the community.
Source: CMC
On the other hand, 17% of voters hold a negative sentiment, signaling caution or bearish expectations. While smaller in comparison, this group reflects a degree of uncertainty and skepticism. Their perspective highlights that not all participants are convinced of the positive outlook.
Also Read: Curve DAO Price Prediction: Can CRV Break Past $1.70 or Fall to $0.65?
Moreover, the crypto analyst, Alpha Crypto Signal, revealed that the Curve DAO token (CRV) is forming a typical falling wedge pattern in the daily chart, a setup traditionally marked with potential bullish reversals.
Last week’s weekly gap has also been filled off the bottom, eliminating technical pressure and restoring short-term momentum. Traders are watching a good close above the trendline support level on a daily basis to confirm a shift in direction.
Source: X
If bulls succeed, CRV could see upside continuation towards the higher resistance zone of $0.75, a price that has marked the end of rallies in past months. A breakout at this point will confirm the reversal thesis and attract renewed market attention. Failure to hold support could see continuation of consolidation or make room for further descents.
CRV price chart displays a downtrending path. Bollinger Bands indicate high volatility with the price recently rallying off the lower band at approximately $0.617. Resistance also exists at the middle band at $0.713, and the upper band of $0.809 still looks out of reach as bearish pressure is present in the market.
Source: TradingView
RSI at 38.72 shows that the token is emerging from oversold conditions but still remains below the neutral 50 line. Meanwhile, fading bearish momentum appears on the MACD histogram as the signal line comes close to a crossover. Both of these indicators hint at a possible near-term relief, but the trend still requires a boost from a break above $0.70–$0.71.
Also Read: Curve DAO Token Forecast 2025: Can CRV Bounce Back to $1.71?
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