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Cryptocurrency News Articles
CRV Price Prediction: Bullish Preference for CRV, Citing Its Recent Rebound from a Key Support Level
Apr 01, 2025 at 10:45 pm
The analyst noted a bullish preference for CRV, citing its recent rebound from a key support level as a “perfect retest and pump” scenario playing out.
Cryptocurrency analyst AltCryptoGems has highlighted the token of the Curve Finance ecosystem that he is watching closely for potential profit-making opportunities within the current crypto market. The analyst noted a bullish preference for CRV, citing its recent rebound from a key support level as a “perfect retest and pump” scenario playing out.
"I'm still bullish on this. The next stop is that resistance and the real stress test. Team @CredibleCrypto 🤝
This is a great chart that I'm still bullish on despite the market's lack of direction. I'm also interested in seeing how far this can go. I'm usually not a fan of Fib but this is interesting. I'm still bullish on this. The next stop is that resistance and the real stress test. Team @CredibleCrypto 🤝"
The analyst shared a screenshot of CRV/USD’s 4-hour chart to illustrate his analysis. He highlighted areas showing how the price emerged through critical resistance levels which appeared to reflect building bullish momentum based on the pattern.
His chart analysis indicated that CRV’s price spent most of February and March consolidating within a defined price range before the recent move.
Analyst Sees Classic Uptrend Confirmation
Despite trading within that range previously, CRV’s more recent price action revealed what the analyst identified as a classic uptrend confirmation in late March. This sequence involved the price breaking above crucial prior resistance, successfully flipping that level into new support, and then retesting that support area before continuing its upward trajectory.
AltCryptoGems viewed this specific break-and-retest price pattern as a confirmation of CRV’s bullish short-to-medium term outlook. He cited the upper limit of the prior trading range as the next crucial resistance test for the altcoin’s strength.
CRV Price Action and Key Levels
TradingView data showed CRV trading at $0.5327 at press time (early April 1), having pulled back slightly from a daily high of $0.5775 reached earlier.
That daily high coincided precisely with a significant long-term downward trendline drawn from the cryptocurrency’s prior major high near $1.34 set in December 2024.
Breaking decisively above this multi-month trendline is needed for CRV to potentially target the $0.6064 resistance level next. Clearing that could allow the token to enter a broader trading range, possibly with increased
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