- Curve DAO Token (CRV) is forming a Bearish ABCD harmonic pattern on the daily chart, which paradoxically could lead to a strong bullish CD-leg rally.
- CRV has bounced from Point C at $0.7481 near the 100-day moving average and is currently trading around $0.7838.
- A breakout above the 50-day MA at $0.9062 could trigger an upside move toward the 1.62 Fibonacci PRZ near $1.411, representing 80%+ potential gains.
- The bullish scenario would be invalidated if CRV breaks below the 100-day MA support at $0.7578, exposing the token to renewed bearish pressure.
Date: Sun, Aug 31, 2025 | 06:15 AM GMT
The cryptocurrency market continues to navigate choppy waters as Ethereum (ETH) hovers around $4,450, down from its recent high of $4,954, reflecting a 6% weekly decline. Yet, ETH is back in green today, and several altcoins are also showing signs of recovery.
Among them, Curve DAO Token (CRV) is flashing an interesting technical signal, with its chart now forming a harmonic pattern setup that could lay the foundation for a potential upside move.
Harmonic Pattern Taking Shape
On the daily chart, CRV is carving out a Bearish ABCD harmonic pattern. Despite the bearish name, this type of structure often features a strong bullish CD-leg rally before price eventually tests its Potential Reversal Zone (PRZ).
The setup began with a rally from Point A ($0.4918) to Point B, followed by a retracement down to Point C ($0.7481) — where buyers managed to defend the 100-day moving average (MA). Since then, CRV has bounced back to around $0.7838, suggesting that the CD-leg could now be unfolding.
A critical test lies ahead at the 50-day MA ($0.9062). A decisive breakout and sustained move above this resistance would strengthen the bullish outlook, signaling that the harmonic projection is in play.
What’s Next for CRV?
If bulls maintain momentum and push CRV above the 50-day MA, the token could extend higher toward the 1.62 Fibonacci PRZ near $1.411. Such a move would represent an 80%+ potential upside from current levels, giving traders plenty to watch for.
However, risks remain. A breakdown below the 100-day MA support at $0.7578 would invalidate the pattern, exposing CRV to renewed bearish pressure and possible retests of lower support levels.
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.
