Curve CRV Defies Market Expectations with 79% Surge, Breaking Key $1 Resistance

Curve's CRV token has defied market expectations with a parabolic 79% weekly surge, shattering the psychological $1 barrier that previously served as stiff resistance. The decentralized finance stalwart now trades at $1.02, extending its 24-hour gains to 5.36% despite entering overbought territory with an RSI reading of 74.82.

Market analysts attribute the explosive move to a perfect storm of technical factors and fundamental catalysts. A violent short squeeze caught bearish traders off guard, while renewed Optimism about U.S. regulatory clarity provided tailwinds across crypto markets. Curve's ecosystem metrics tell a compelling growth story - TVL ballooned to $2.266 billion, trading volume jumped 34.67% to $3.635 billion, and crvUSD stablecoin supply expanded 8.39% to $83.34 million.

The CRV/USDT pair saw trading volumes spike 103% to $860 million during the rally's peak, with liquidity deepening across major exchanges. This liquidity surge created a virtuous cycle, allowing larger players to accumulate positions without immediate price impact. Market structure suggests the MOVE may have legs - the breakout above $1 came on significantly higher volume than previous failed attempts, indicating genuine buying pressure rather than speculative froth.