🚀 Curve DAO Token (CRV) Surges 23% in a Day: Is This the Start of DeFi’s Next Bull Run?

DeFi's sleeping giant just woke up—and it's hungry. Curve DAO Token (CRV) ripped through a 23% gain in 24 hours, leaving traders scrambling and sparking whispers of a full-blown DeFi season.

Why the sudden pump? The usual suspects: liquidity wars, governance proposals, and that sweet, sweet yield farming FOMO. Meanwhile, Wall Street's still trying to mint NFTs of their PowerPoint slides.

What’s next? If CRV holds this momentum, we could see a domino effect across blue-chip DeFi tokens. Or it’s another ‘buy the rumor, sell the news’ trap—only your portfolio manager knows for sure.

Besides the price rally, the wedge breakout at $0.74 triggered this momentum, flipping the $0.88 resistance into support. According to crypto trader ‘TheBreakoutZone’s’ X post, CRV’s current price is now targeting $1.27 next. This key level was a strong pivot in 2023 and may act as a magnet if momentum holds.

🚨 $CRV Breakout Playing Out +38%

Chart delivered. The wedge break triggered at 0.74 — now up 38% to 1.02+ and pushing toward the next major target at 1.27.

• 0.88 zone flipped clean — multi-month resistance broken
• 1.27 = structural pivot from 2023 — potential magnet on… https://t.co/vUmQbF5chb pic.twitter.com/l2nVy0UfU3

Technical Chart Confirms Bullish Breakout

TradingView data indicates that there has been some upward momentum building since July 9. Taking a look at the 4-hour chart, CRV has been climbing from below $0.60, with growing green candles signaling strong bullish control. The Bollinger Bands show price expansion, which typically suggests a lot of volatility and momentum from buyers.

Moreover, the MACD shows a bullish crossover, with the histogram expanding green bars. This indicates that buyers are active and pressure is still at play. The current rally looks organic and well-supported by volume. Many traders are now eyeing the $1.60 zone as the next possible stop.

Long-Term Outlook Looks Strong

If CRV pushes higher, the $2.10–$2.70 supply zone from previous cycles may come into view. However, the $1.27–$1.60 range may offer stiff resistance. Still, with DeFi sentiment warming up again, CRV’s breakout may indicate early stages of a new upward cycle.

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