CRV price rose 9.9% in 24 hours, reaching $0.7904 with resistance at $0.7977.
The daily breakout projects a potential upside of 70–80%, or a $0.69 move.
Support sits at $0.6977, maintaining price structure above consolidation range.
Curve DAO’s native token CRV has confirmed a breakout above descending resistance, climbing 9.9% over the past 24 hours. The current trading price stands at $0.7904, just below a resistance level marked at $0.7977. This move places CRV above a descending triangle structure that extended back several months, with price now holding above the breakout point.
Volume and price strength have increased simultaneously, reinforcing the move’s technical significance. A breakout from this formation often leads to sustained upward momentum. Based on the current structure, the target range suggests a projected gain of up to 70–80%. That projection translates into a potential upside of roughly $0.69 per token from the breakout region.
Breakout Targets Indicate $1.30+ if Trend Holds
The measured breakout target from this technical setup shows a green projection box extending above the $1.30 level. Price is expected to move by $0.69, representing a 54.64% increase from the base. While this figure is slightly lower than earlier 70–80% projections, it remains within the same expected bullish range.
https://twitter.com/ZAYKCharts/status/1945359676490547364
The ascending support trendline has held consistently since early 2024, giving CRV a steady foundation. The asset had previously tested this trendline multiple times during market retracements. Each attempt created higher lows, which supported the breakout scenario now in play.
Resistance at $0.7977 presents a short-term test for CRV, as price currently hovers slightly below it. A clear break above this mark could reinforce the breakout’s strength and initiate further movement toward $1.00 and beyond.
Support Holds at $0.6977 as Price Moves to Retest Resistance
The support level remains fixed at $0.6977, which marks the most recent consolidation base prior to the breakout. This level coincides with the upper boundary of the pattern from which CRV exited. As of now, price remains well above this level, sustaining upward momentum.
Additional confirmations will depend on CRV maintaining structure above the pattern. Any breakdown below $0.6977 could test support strength, while holding this level positions price for potential continuation. The breakout and current price structure place the asset in a recovery zone, with technicals showing room for continued upside based on past movement range.
