- The Curve DAO (CRV) has escaped a Falling Wedge pattern which is a confirmation of possible short-term market reversal.
- The price is at present $0.775 and the support is $0.7449 and $0.7954 is the resistance as the momentum is gaining.
- It is targeting $0.94, $1.04 and $1.16 with a stop loss of $0.64 to cover downside volatility.
The market structure has changed with Curve DAO (CRV) coming out of a long-standing Falling Wedge pattern on the daily chart. The asset is currently trading at $0.775 and has achieved an increase of 17.1% over the last one week , which is a sign of increased buying power towards the bottom of the wedge. Although the last 24 hours have been slightly negative at 1.53% the breakout remains intact as momentum continues to build.
Technical Breakout Validates Short-Term Reversal
The daily chart shows CRV moving decisively above the wedge resistance line, a development that traders often associate with short-term recovery setups. The Stoch RSI has started curling upward, suggesting renewed bullish momentum after several weeks of consolidation. However, this upward movement remains valid only if CRV sustains above its support level at $0.7449.
The asset faces immediate resistance near $0.7954, where past price reactions have triggered brief rejections. A clear close above this zone could open the path toward higher targets. In addition, intraday trading volume remains steady, reflecting moderate market participation during the breakout confirmation.
Defined Risk Levels and Upside Targets
CRV’s setup includes a clearly defined trading range. The stop loss is positioned below $0.64, minimizing exposure in case of a false breakout. On the upside, the first profit target sits at $0.94, followed by $1.04 and $1.16. These levels correspond with previous supply zones visible on the daily timeframe.
The structured price targets also align with the broader wedge pattern projection, where the distance between the wedge boundaries typically provides a measured breakout estimate. Maintaining price stability above the breakout zone will be crucial for sustaining momentum in the coming sessions.
Market Context and Momentum Indicators
The recent move occurs after weeks of downward compression within the wedge pattern. CRV has been in a downward trend with a steady decrease in demand whereby the entity would consistently make lower highs and lower lows. The extrapolation of the trendline now signifies the initial significant digression of the trendline of that multi-week cycle.
Furthermore, the wider cryptocurrency market has demonstrated at least some strength which could have offered favorable conditions to the rebirth of CRV. Market participants are still wary though because the trading activities are concentrated between the support and resistance. The RSI trend on daily time scale gives the initial indication that the momentum has changed to an upward trend out of the over sold positions, which adds credence to the bullish technical bias.
Overall, CRV’s structure shows a developing upward trend after multiple weeks of compression . The next sessions will determine if the breakout sustains above the $0.74–$0.79 range to confirm trend continuation toward $1.16.
