Looking at the $CRV /USDT weekly chart, it tells a story of both pain and potential. After hitting a multi-month low around $0.18 in mid-2024, CRV staged an impressive rebound that peaked near $1.33—more than a 600% rally in a short burst. But like many parabolic moves, the price couldn’t hold that momentum and retraced sharply.
Currently, CRV is hovering around $0.68, showing signs of steady recovery after the recent correction. The candlesticks over the past few weeks are forming higher lows and higher highs—an early indication of a trend reversal toward the upside. This cautious optimism is backed by increasing volume, which suggests that interest is creeping back into the token.
Momentum indicators, while not explicitly shown here, can be inferred from the market structure and the slight bullish divergence in price action. The volume has grown significantly over the past 30 and 180 days (43.24% and 176.80%, respectively), hinting at accumulation phases rather than distribution. Moreover, the current price is pressing against short-term resistance near $0.68-$0.70, and a clean break above this could open the gates toward the $0.88 level, a previous swing high.
However, caution is still warranted. The strong resistance near $0.70 and the previous breakdown from the $1.33 peak suggest bears are still watching. If bulls fail to push past this zone, CRV could consolidate or even retest support around $0.55–$0.60 before making another breakout attempt.
All eyes should be on whether CRV breaks above the $0.70 region with volume and holds it. If so, a short-term target toward $0.88–$1.00 becomes realistic. But if the bulls falter, the rally could fizzle out, and we may revisit lower support zones.
