Curve CRV Rockets 79% in Technical Breakout Rally

Curve DAO Token (CRV) has become the top-performing DeFi asset this week, surging 79% from $0.60 to $0.98. The rally accelerated after CRV broke through descending resistance on July 16, with technical analysis indicating potential upside toward $1.27.

This resurgence aligns with increasing Total Value Locked (TVL) across Curve's ecosystem and renewed institutional interest in DeFi protocols. The July 17 push to nearly $1.00 marked a key psychological breakthrough that may establish new support levels.

Analysts observe this movement reflects broader capital rotation into blue-chip DeFi assets, with CRV's liquidity mining rewards and stablecoin swap utilities attracting fresh investment. The breakout occurs despite recent sector volatility, showing selective risk appetite among crypto investors.