Date: Sun, April 13, 2025 | 06:10 AM GMT
After facing the blow of “Black Monday,” this week, the cryptocurrency market is finally showing signs of positive momentum. This rebound is largely attributed to U.S. President Trump’s move to pause tariffs for 90 days — a decision that’s injecting fresh optimism into the market.
One of the standout performers during this turnaround is Curve DAO Token (CRV), which has surged an impressive 30% over the last week. Meanwhile, Raydium (RAY) is also starting to shine with a 9% gain, and its chart suggests that it might just be gearing up to follow CRV’s path.
CRV and RAY Analysis: Inverse Head and Shoulders in Play?
Looking at the left side of the chart, CRV has clearly broken out of a classic inverse head and shoulders formation — a pattern typically associated with bullish reversals. After reclaiming the neckline at $0.58, CRV is now trading at around $0.63. A brief retest of the breakout zone might occur, but if momentum holds, the next resistance lies near $0.83, which represents a potential 32% upside from current levels.
On the right side, Raydium (RAY) is seemingly one step behind but may not be far from its own breakout. The token is forming the right shoulder of a similar inverse head and shoulders setup. It might dip slightly toward the $1.64 mark — aligning with its 50-day moving average — before mounting a challenge at the neckline.
If RAY breaks out above the $2.10 neckline after completing the pattern, the next major target sits at $2.31, and potentially beyond that as broader sentiment continues to improve.
What’s Next?
If market optimism sustains and both CRV and RAY follow through on these bullish technical structures, we could be looking at the beginning of a larger recovery trend. For traders, CRV’s confirmed breakout could act as a blueprint to watch RAY closely for a similar move.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
