Date: Sun, April 13, 2025 | 06:10 AM GMT
After facing the blow of “Black Monday,” this week, the cryptocurrency market is finally showing signs of positive momentum. This rebound is largely attributed to U.S. President Trump’s move to pause tariffs for 90 days — a decision that’s injecting fresh optimism into the market.
One of the standout performers during this turnaround is Curve DAO Token (CRV), which has surged an impressive 30% over the last week. Meanwhile, Raydium (RAY) is also starting to shine with a 9% gain, and its chart suggests that it might just be gearing up to follow CRV’s path.
Source: Coinmarketcap CRV and RAY Analysis: Inverse Head and Shoulders in Play?
Looking at the left side of the chart, CRV has clearly broken out of a classic inverse head and shoulders formation — a pattern typically associated with bullish reversals. After reclaiming the neckline at $0.58, CRV is now trading at around $0.63. A brief retest of the breakout zone might occur, but if momentum holds, the next resistance lies near $0.83, which represents a potential 32% upside from current levels.
On the right side, Raydium (RAY) is seemingly one step behind but may not be far from its own breakout. The token is forming the right shoulder of a similar inverse head and shoulders setup. It might dip slightly toward the $1.64 mark — aligning with its 50-day moving average — before mounting a challenge at the neckline.
If RAY breaks out above the $2.10 neckline after completing the pattern, the next major target sits at $2.31, and potentially beyond that as broader sentiment continues to improve.
What’s Next?
If market optimism sustains and both CRV and RAY follow through on these bullish technical structures, we could be looking at the beginning of a larger recovery trend. For traders, CRV’s confirmed breakout could act as a blueprint to watch RAY closely for a similar move.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
