Date: Tue, July 15, 2025 | 06:30 AM GMT
The cryptocurrency market has entered historic territory, with Bitcoin (BTC) hitting a new all-time high of $123,000. Ethereum (ETH) is keeping pace, recording an 18% weekly gain. This broader bullish momentum is also lifting altcoins — and Curve DAO Token (CRV) is beginning to stand out.
CRV has risen 5% today, extending its weekly rally to an impressive 42%. But more than just price action, technical analysts are eyeing a powerful signal: a harmonic pattern forming on CRV’s daily chart, suggesting further upside could be on the way.
Harmonic Pattern Hints at Bullish Continuation
On the daily timeframe, CRV is currently carving out a Bearish Bat harmonic pattern — a classic formation in technical analysis often linked to powerful price moves, especially during the final CD leg.
This Bat pattern starts at point X near $1.33, falls to point A, rallies to point B, and dips again to point C around $0.49. Since that low, CRV has rebounded strongly and is now trading around $0.72, reclaiming momentum and signaling structural strength.
If the CD leg completes, CRV could rally toward the Potential Reversal Zone (PRZ) between $1.22 and $1.33 — areas that align with the 0.886 and 1.0 Fibonacci extensions, which often act as reliable reversal or take-profit levels in harmonic patterns.
What’s Next for CRV?
If CRV maintains its upward momentum and breaks above nearby resistance levels, the price could climb over 70% from current levels to hit the $1.33 target. This would complete the harmonic structure and may become a critical point where traders reassess direction — potentially triggering a pullback or consolidation.
That said, holding above the 200-day moving average, which currently sits near $0.63, is crucial. A drop below this level may invalidate the bullish setup and introduce short-term downside risk.
Still, the pattern remains intact, and with broader market sentiment skewing bullish, CRV could be setting the stage for another strong leg upward.
Disclaimer: This article is for informational purposes only and reflects the writer’s personal views. It should not be considered financial advice. Always conduct your own research before investing in cryptocurrencies.
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