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Curve CRV Skyrockets 70% as Breakout and Accumulation Fuel Rally
Curve CRV Skyrockets 70% as Breakout and Accumulation Fuel Rally
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Curve CRV News -
Curve DAO's CRV token has surged an impressive 70% in the past week, breaking through key technical levels as on-chain data shows strong accumulation patterns. The DeFi token now trades at $0.96 after clearing a major resistance zone between $0.80-$0.85, with daily volume exceeding $833 million.
Technical analysts point to a decisive breakout from a three-month descending channel, supported by bullish signals from the 9-day EMA ($0.74) and 50-day SMA ($0.61). Network activity supports the price movement—daily transactions have topped 10,000 while exchange reserves dropped by over 50 million CRV, indicating holders are moving tokens into long-term storage.
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