CRV Breaks Out of 12-Day Range, Eyes Major resistance
Curve DAO (CRV) has finally burst out of its 12-day trading range, signaling a potential new uptrend. this decisive move could push the token toward key resistance levels.
For nearly two weeks, CRV was stuck in a tight range. But a recent breakout has flipped the previous resistance into a potential support level. This breakout-retest pattern often indicates a shift in market sentiment and can lead to a new trend.
Traders should watch for follow-through price action and sustained volume to confirm this move. If validated, CRV could see a 20% rally toward the next major resistance.
- CRV has broken out of a 12-day range and is retesting the range high as new support.
- The breakout aligns with VWAP support, adding meaning.
- Volume is above average, suggesting strength behind the move.
the breakout above the range high is a critical shift. The previous resistance is now being tested as support. If this support holds, it could propel CRV toward the next major resistance.
The VWAP support at the breakout zone is crucial. It frequently enough indicates where smart money is positioning. Strong volume also supports this move. For the rally to continue, volume must stay elevated.
If CRV holds the new support and volume remains strong, it could rally 20% to the daily SR resistance. However,if it fails to hold,it might return to the previous range.Traders should monitor price and volume closely.
