CRV Eyes $0.42 – Can Curve DAO Defy Gravity? Here’s the Make-or-Break Scenario

DeFi's liquidity backbone is flashing a bullish signal—but can it deliver?

The $0.42 Playbook

CRV traders are stacking bids at a critical level unseen since the last market cycle. A breakout here could trigger algorithmic buying from yield farmers desperate to recoup losses from their last 'sure thing.'

Protocol vs. Token Dynamics

Curve’s TVL remains robust—yet its token trades like a meme coin. The irony? Institutions praise its tech while shorting its native asset. Classic crypto.

The Liquidity Trap

Watch for whale wallets accumulating near support. If $0.42 flips from resistance to floor, even Wall Street’s tokenized-fund managers might pretend they ‘believed all along.’

Bulls need this level to hold. Bears smell blood. Place your bets—just don’t mortgage the dog this time.

Curve token fails to hold on to $0.7, momentum firmly bearish now

Source: CRV/USDT on TradingView

The rally in November and December was strong, but the weekly chart revealed that the rejection came at the exact weekly top from early 2023.

This hinted at a 30-month consolidation phase for Curve DAO. The altseason in November failed to set up an uptrend on the weekly timeframe.

The consolidation, or range formation (white), extended from $0.23 to $1.20. Over the past two months, CRV has tested the $0.82 resistance but has been unable to stay above the mid-range level at $0.72.

This failure indicated the potential for a DEEP retracement, which could fall to $0.38 or even as low as $0.23.

Source: CRV/USDT on TradingView

On the daily timeframe, Curve DAO (CRV) shows a bearish market structure. 

Earlier in June, the price tested the $0.70 level, acting as a supply zone, but was firmly rejected. Since then, CRV has declined by 32%.

The Chaikin Money FLOW (CMF) has remained below +0.05 since the November rally, indicating persistent selling pressure. 

Similarly, the On-Balance Volume (OBV) reflects a shift in control to sellers, following a brief surge in demand during late March and early April.

A bullish order block between $0.42 and $0.50 (highlighted in cyan) may act as a strong demand zone. 

Bulls are expected to defend this region, and traders should watch closely for signs of a trend reversal here.

However, with moving averages continuing to indicate downward momentum, caution is advised. Entering long positions too early could be risky without confirmation of a reversal.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion