Let' analyse CRVUSDT:
Let’s take a deep dive into Curve DAO Token (CRV):
Market Structure Overview
Uptrend Phase (2021 – mid-2022):
CRV was in a healthy bullish structure, printing consecutive Higher Highs (HH) and Higher Lows (HL). Momentum was strong and sentiment bullish.
Downtrend Phase (mid-2022 – end of 2024):
Price flipped structure and entered a long correction. We saw a series of Lower Highs (LH) and Lower Lows (LL) confirming the downtrend, following a firm rejection from the resistance zone (~$2.1).
Potential Reversal & New Uptrend (Post Dec 2024):
December 2024 marked a major structural shift. We printed a new Higher High and followed it with a Higher Low — a textbook uptrend confirmation.
Support Zone: $0.22 - $0.33
This area acted as a strong historical base — price respected this zone during accumulation and reversal attempts multiple times over the last 2 years.
Recent price action shows a bounce with volume, confirming demand interest.
Resistance Zone: $1.90 - $2.10
A heavy supply zone where price got rejected in past rallies.
A breakout and weekly close above this zone could signal the start of a strong continuation rally toward higher targets ($3.5+ range).
Break of Downtrend Line
The long-term diagonal resistance trendline has been broken decisively.
Price is consolidating above the trendline with structure favoring bulls — a strong signal of trend reversal.
Bullish Roadmap (if trend sustains)
Current rally could head toward $1.24 (mid-level key resistance).
If price holds and creates a Higher Low (HL), next upside extension could target the $2+ resistance zone.
Sustained break and hold above $2.10 will open room for a macro shift back toward bullish price discovery phases.
The macro chart of CRV is showing a clear transition from a multi-year downtrend into a potential uptrend. Confirmation through structure (HH & HL), breakout of long-term resistance, and a strong support base sets a solid technical foundation.
Keep CRV on your radar.
Patience is key. Let price confirm through weekly closes.
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Happy Trading!!
