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Cryptocurrency News Articles

CRV Shows Strong Potential for a Trend Continuation After Finding Support at a Major Confluence Zone.

Apr 19, 2025 at 03:02 am

CRV is showing strong potential for a trend continuation after finding support at a major confluence zone. With volume starting to step in and price structure forming a potential higher low on the daily, all eyes are on whether bulls can defend this area and push the chart into the next leg higher.

CRV Shows Strong Potential for a Trend Continuation After Finding Support at a Major Confluence Zone.

Crypto traders are keeping a close eye on Curve DAO Token (CRV) as it shows potential for a trend continuation after finding support at a major confluence zone.

With volume starting to step in and price structure forming a potential higher low on the daily, can bulls defend this area and push the chart into the next leg higher?

CRV aiming for trend continuation at key zone

CRV is beginning to display signs of a possible structural shift on the daily timeframe. After a sustained downtrend, recent price action has started to consolidate above a zone packed with technical confluences. Typically, these zones attract strong buyer interest and, when defended successfully, often mark major pivot points. This analysis delves into the key levels and signals traders should monitor to confirm the formation of a higher low and the likelihood of a continuation.

Technical analysis: CRV/USD

CRV’s current chart structure is building out a classic higher low formation, commonly seen at the early stages of a bullish trend reversal. What makes this setup particularly compelling is the heavy confluence of key technical levels stacked within one zone. The value area low, derived from volume profile analysis, aligns closely with the 0.618 Fibonacci retracement from the recent leg up. This overlap is further reinforced by a local swing low, providing a strong foundation for bulls to defend.

Zooming out slightly, this confluence zone sits just above a weekly support/resistance flip, suggesting that the market has memory at this level. The ongoing consolidation just above this zone shows that buyers are stepping in, but they haven’t yet made the decisive push. This kind of slow, grinding action often precedes explosive moves, especially if the swing low is taken briefly (a liquidity grab) and then quickly reclaimed.

A key confirmation trigger would be seeing the value area high within the same zone act as support. This would indicate that market participants are not only defending the base but also comfortable reloading on dips. For this to play out effectively, volume should begin rising steadily as price reclaims and holds above this range. The VWAP, also aligned near the Fib level, adds further weight to the bullish case.

What to expect next

If buyers can continue to defend the current region and push above the value area high with increasing volume, CRV could then target significantly higher levels in the short term. The structure suggests accumulation, and any reclaim of the local highs may spark a trending move.

For now, the focus is on whether the higher low will be locked in, and if it does hold, a breakout could be just around the corner.

Disclaimer:info@kdj.com

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Other articles published on Apr 19, 2025