Curve CRV Explodes 79% in 7 Days – Is a 7-Month High Next?
Curve DAO's CRV token has delivered a staggering 79.32% weekly rally, with a 28.39% surge in the past 24 hours alone. Trading volume spiked 72.78% to $727.58 million as the price hit an intraday high of $0.993, breaking months of consolidation.
The rally appears fundamentally driven, with exchange netflows showing 2.67 million CRV withdrawn from platforms on July 16—signaling growing scarcity. This is reinforced by CRV's Stock-to-Flow ratio reaching record levels, indicating constrained supply amid rising demand.
Technical analysis reveals a decisive breakout from a descending triangle pattern on daily charts. The MOVE comes as DeFi tokens gain renewed attention, with CRV's liquidity pool innovations continuing to attract institutional interest.
