• CRV surged 10% to $1.21 with a market cap of $1.45B.
  • Moving averages show bullish momentum with a key crossover.

The global crypto market cap has declined by 2.40% to $3.48 trillion. However, trading volume has surged 79.67% to $339.14 billion, indicating heightened market dynamics. Curve DAO Token (CRV) witnessed a 10% surge earlier today, reaching $1.21 before settling at $1.16. 

Ranked 80, CRV has a market cap of $1.45 billion, up 7.83% in the last 24 hours. Its trading volume has spiked to $1.11 billion, reflecting a 71.8% increase. The volume-to-market cap ratio of 76.57% signals heightened activity. CRV has a circulating supply of 1.25 billion tokens from a total of 2.2 billion.

Key Technical Analysis

CRV’s immediate resistance is near $1.21, followed by a critical level at $1.25. If the price breaks above $1.25, it may target $1.35. On the downside, support lies at $1.10, with $1.05 as a key safety zone. A drop below $1.05 could signal bearish momentum.

Is CRV’s Bullish Momentum Set to Continue? image 0

The 9-day moving average (MA) at $1.07 is above the 21-day MA at $0.75, confirming a bullish crossover. This pattern suggests strong upward momentum in the short term. However, sustained growth depends on market volume and broader trends.

The Relative Strength Index (RSI) currently stands at 80.09, signaling overbought conditions. The RSI average at 73.27 indicates potential for short-term price corrections. Traders should monitor the RSI closely as overbought signals often precede pullbacks.

If CRV sustains its current momentum and breaks key resistance levels, it may attract more buying interest. A move beyond $1.25 could propel prices toward $1.35 in the coming sessions. Conversely, failure to hold $1.10 might shift sentiment to bearish. This surge in CRV aligns with heightened trading activity across the crypto market.

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