Curve CRV Pulls Back to $1.01 Following 79% Surge - Can Bulls Hold Critical Support?
Curve's CRV token has retraced to $1.01 after hitting a weekly peak of $1.07, completing a 79% rally fueled by technical breakouts and heavy trading volume. The pullback appears to reflect healthy profit-taking rather than a breakdown of bullish momentum.
Volume spiked to $860 million during the upswing, demonstrating strong institutional and retail participation. Price action suggests a standard consolidation phase following rapid appreciation, with traders now watching key support levels.
Technical indicators remain constructive despite today's 1.54% dip. The token's ability to maintain footing above psychological support at $1.00 will dictate whether the uptrend continues or gives way to a deeper correction.