Curve CRV Defies Overbought Signals With 79% Weekly Surge

Curve (CRV) has defied technical warnings with a staggering 79% weekly rally, peaking at $0.95 before a slight pullback. The Relative Strength Index now flirts with overbought territory at 75.48, flashing caution after seven days of relentless gains.

The breakout began in earnest on July 17th when CRV shattered the $1.00 resistance with a 30% single-session leap. Trading volumes told the true story—a 103% spike to $860 million confirmed institutional participation beyond mere speculative froth. Supply dynamics tightened as investors moved tokens off exchanges, reducing liquid availability by 18% since June.

Market technicians note the rally's sustainability hinges on whether CRV can consolidate above its 200-day moving average. The token's current $1.9 billion market cap reflects renewed confidence in Curve Finance's position as a DeFi liquidity cornerstone, though derivatives data shows shorts accumulating at the $1.05 resistance level.