Date: Thu, April 24, 2025 | 06:30 AM GMT
After a tough Q1 where the overall crypto market struggled—Ethereum (ETH) itself fell by a steep 45%—the tides finally seem to be turning. ETH has rebounded with a 10% gain over the past week, and the momentum appears to be spreading across the altcoins.
One standout performer is Curve DAO Token (CRV), which has clawed its way back from a sharp correction. CRV has gained over 37% in the past 30 days, trimming its year-to-date losses to around 24%. What’s more exciting for bulls is the current technical structure, which suggests the rally may only be getting started.
Bullish Flag Breakout Could Lead the Way Up
The recent surge in CRV’s price can largely be attributed to a bullish flag breakout. This pattern had been forming ever since the token faced a rejection from the $1.33 resistance zone back on December 7, 2024. That rejection triggered a prolonged 74% downtrend, taking the token all the way down to $0.35 on March 11, where buying interest began to build up again.
From there, things turned around. CRV broke above the upper boundary of the flag near $0.52 on April 11, a key technical breakout. It also cleared the 100-day moving average (100 MA)—a major hurdle—which now sits at $0.562. As of writing, CRV is trading at $0.6768, pushing toward its next key resistance at $0.7792.
Is More Rally Ahead?
If CRV can break above the $0.7792 resistance zone with strong volume, a further rally toward $1.10 and even $1.33 could be in the cards. That would mark a potential 94% upside from current levels.
The MACD indicator is also flashing a bullish signal, with the MACD line crossing above the signal line—suggesting upward momentum is still building.
Given the bullish breakout, improving technical indicators, and overall market sentiment turning positive, CRV looks poised for further gains—if it can sustain momentum above key resistance levels.
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