Curve (CRV) Skyrockets 79% in Bullish Surge, Targets $1.27 Next

Curve DAO Token (CRV) has surged an impressive 79% within just seven days, breaking through the crucial $1 resistance level. This rally is driven by a powerful combination of technical momentum and favorable market conditions, with traders now eyeing $1.27 as the next target.

Trading volume spiked 103% to $860 million, highlighting strong market participation. A cascading short squeeze further accelerated gains as bears rushed to cover their positions. The breakout aligns with growing Optimism around potential U.S. crypto policy changes, creating ideal conditions for CRV bulls.

Technical indicators show overbought signals, with RSI peaking at 80.71, yet the token demonstrates remarkable strength. The July 17th breakout confirmed a decisive trend reversal across multiple timeframes. This isn't just a temporary rebound—it's a fundamental shift in CRV's market dynamics.