Curve [CRV] eyes $0.55 resistance: Why a 12% upward push may well be at the playing cards – The Gentleman Report | World | Business | Science | Technology | Health
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Curve [CRV] eyes $0.55 resistance: Why a 12% upward push may well be at the playing cards

Curve [CRV] eyes alt=
March 23, 2025


Curve DAO token was once far clear of the 2021–2022 highs regardless of its sturdy efficiency in November.
The fast-term momentum was once bullish and a 12% value transfer upper was once anticipated at press time.

Curve [CRV] has won simply over 19% in every week. The bulls had been aiming to problem the $0.55 resistance within the coming days. Then again, the DeFi token has erased many of the beneficial properties it made in November and December 2024.
Curve [CRV] eyes alt=Supply: CRV/USDT on TradingView
The weekly chart confirmed that although Curve made sturdy beneficial properties in November, the long-term downtrend was once now not utterly overthrown.
Sure, there was once a bullish construction destroy at the weekly chart. This was once an indication of power for the traders.
It may well be too little, too overdue, although. In a bull run, the sturdy, early runners are generally those that maintain their beneficial properties all over the cycle.
Bitcoin [BTC] confronted weak spot in December and fell beneath $92k in February, and CRV has adopted swimsuit much more aggressively to the drawback. This dented the sentiment in the back of CRV.
Decreased promoting drive supposed Curve had a possibility of restoration
CRV 1-day ChartCRV 1-day ChartSupply: CRV/USDT on TradingView
Zooming into the 1-day chart, we will be able to see that the OBV has now not fallen a lot in comparison to its December ranges. It has even made upper lows up to now 3 months.
The gradual push upward was once an indication of a loss of promoting quantity all through the deep retracement. This supposed a restoration may come about briefly.
Regardless of the OBV’s certain signal, the bulls have a large number of paintings forward. The RSI has climbed above impartial 50 to sign a bullish momentum shift. But, the $0.55 native resistance was once nonetheless within the bulls’ means.
The day-to-day marketplace construction was once bearish, and a breach of $0.55 would alternate this.
Additional upper, the Fibonacci retracement ranges will be the key resistances to conquer. BTC’s developments within the coming weeks will have a large affect on CRV’s efficiency.
Curve Liquidation HeatmapCurve Liquidation HeatmapSupply: Coinglass
The 1-month liquidation heatmap confirmed that the realm from $0.5-$0.55 was once stuffed with liquidation ranges. They may draw in Curve costs upper within the coming days.
It was once most probably {that a} transfer to $0.55 can be adopted via a minor retracement.
The shorter-period liquidation heatmaps can be price tracking to know how deep this type of dip may pass. According to the proof handy, a transfer to $0.55 would most probably be adopted via a dip towards $0.47.
If the purchasing quantity surges upper, a breakout past $0.55 would grow to be much more likely, and a pullback to $0.47 can be much less most probably.
Disclaimer: The guidelines introduced does now not represent monetary, funding, buying and selling, or different sorts of recommendation and is simply the author’s opinion

Subsequent: Is Chainlink [LINK] able for a bullish breakout? Insights published

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