CRV Shatters Trading Range—Bullish Retest Hints at 20% Surge

The token breaks free from its cage—because what’s more poetic than algorithms chasing lines on a chart? Watch the retest: if it holds, prepare for the classic crypto pump (and subsequent dump, because Wall Street’s playbook never changes).

Key points

• CRV has broken out of a 12-day range and is currently retesting the range high as new support.
• The breakout level is in confluence with VWAP support, increasing its significance.
• Volume profile is above average, indicating potential strength behind the move.

The breakout above the range high marked a critical shift in CRV’s price structure. The previous resistance level is now being tested as support, a common retest setup in technical analysis.

A successful confirmation of this support will significantly increase the likelihood of a 20% move toward the next major daily support/resistance level. This next area will likely act as a key decision zone for whether CRV enters a larger bullish expansion or stalls.

What gives additional weight to the current price action is the strong confluence of VWAP support aligning with the breakout zone. This area is being respected by current candles and could serve as a launchpad if buyers continue to step in. When paired with market structure flips, the VWAP often signals where smart money is positioning itself, another reason this zone is crucial for continuation.

Equally important is the volume profile, which is currently showing readings above average for CRV. This is a positive sign and helps validate the breakout.

For the move to carry forward, volume needs to remain elevated to sustain upward momentum. If volume begins to fade and price fails to hold the retest zone, we may see a deeper retracement or a return to the previous range.

What to expect in the coming price action

As long as CRV holds the newly reclaimed range high and volume stays consistent, the odds favor a continuation move to the upside. A bullish reaction here will likely send price toward the daily SR resistance, marking a potential 20% rally.

However, if price fails to hold the current retest, CRV could slide back into the prior range, invalidating the breakout. Traders should monitor both price and volume closely for confirmation before entering any continuation setups.