Date: Fri, May 23, 2025 | 03:40 PM GMT
The cryptocurrency market has mounted a solid comeback in recent weeks from its bearish Q1. Bitcoin (BTC) has managed to melt faces with its new all-time high of $111,970, while the impressive 48% monthly jump of Ethereum (ETH) is uplifting sentiment across altcoins — including Curve DAO Token (CRV).
CRV has surged over 27% in the last month, and the charts suggest the rally might be far from over. Technical analysis points to a potential major breakout forming on the horizon.
Approaches Key Resistance
On the daily chart, CRV is forming a textbook Cup and Handle pattern — a well-known bullish structure that often precedes strong upward moves.
The “cup” began forming in late January, when CRV saw a steep rejection at $0.8895 before bottoming out and carving a rounded base — a hallmark of accumulation.
More recently, CRV pulled back slightly to form the “handle” near $0.34, finding solid support at its 100-day moving average. This minor consolidation is a healthy sign, often seen before breakout attempts.
Now, CRV is testing the neckline resistance between $0.84–$0.85, which has repeatedly acted as a ceiling for the price. As of now, CRV is hovering just below this key zone, trading at $0.84 — teasing a potential breakout.
What’s Next for CRV?
A clean breakout above $0.89, particularly if backed by strong volume and a successful retest of the neckline, would confirm the Cup and Handle formation and signal a bullish continuation.
If this pattern plays out, CRV could next target $1.33, followed by the full breakout projection of around $1.44 — a potential 58% gain from current levels.
While the broader market remains range-bound, all eyes are on Ethereum’s critical $2,700 resistance level. A breakout there could serve as a major altcoin catalyst, potentially boosting liquidity and interest in DeFi tokens like CRV.
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