Curve CRV Holds Steady at $0.97 Following 85% Rally as Protocol Hits 40K Active Users

CRV is currently trading at $0.97, showing a slight 1.40% decline today as markets consolidate after an impressive 85% monthly surge. This growth comes alongside record adoption, with Curve Finance reaching 40,000 monthly active users - indicating strong organic growth rather than speculative activity. On-chain metrics show CRV holders are increasingly withdrawing tokens from exchanges for staking and liquidity provision.

Technical analysis points to a healthy consolidation phase. The RSI reading of 58.19 suggests neutral momentum following the recent price explosion. The token demonstrated resilience after testing support levels, bouncing back 2.18% on August 4th following a 9% retracement from peaks above $1.00.

Fundamentals remain strong with user growth driving sustained price appreciation, creating a positive feedback loop of protocol engagement and token demand. Market structure appears stable despite short-term volatility, with $0.91 emerging as a key support level during recent pullbacks.