Curve DAO Token

Token

Momentum

<ul class="wp-block-list">
 <li>CRV surged 10% to $1.21 with a market cap of $1.45B.</li>
 <li>Moving averages show bullish momentum with a key crossover.</li>
</ul>
The global crypto market cap has declined by 2.40% to $3.48 trillion. However, trading volume has surged 79.67% to $339.14 billion, <a href="https://coinmarketcap.com/currencies/curve-dao-token/" target="_blank" rel="noopener noreferrer nofollow">indicating</a> heightened market dynamics. Curve DAO Token (CRV) witnessed a 10% surge earlier today, reaching $1.21 before settling at $1.16.&nbsp;
Ranked 80, CRV has a market cap of $1.45 billion, up 7.83% in the last 24 hours. Its trading volume has spiked to $1.11 billion, reflecting a 71.8% increase. The volume-to-market cap ratio of 76.57% signals heightened activity. CRV has a circulating supply of 1.25 billion tokens from a total of 2.2 billion.
<h3 class="wp-block-heading" id="h-key-technical-analysis">Key Technical Analysis</h3>
CRV’s immediate resistance is near $1.21, followed by a critical level at $1.25. If the price breaks above $1.25, it may target $1.35. On the downside, support lies at $1.10, with $1.05 as a key safety zone. A drop below $1.05 could signal bearish momentum.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="472" src="https://thenewscrypto.com/wp-content/uploads/2024/12/CRVUSDT_2024-12-10_14-33-28-1024x472.png" alt="" class="wp-image-117383" srcset="https://thenewscrypto.com/wp-content/uploads/2024/12/CRVUSDT_2024-12-10_14-33-28-1024x472.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/12/CRVUSDT_2024-12-10_14-33-28-300x138.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/12/CRVUSDT_2024-12-10_14-33-28-768x354.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/12/CRVUSDT_2024-12-10_14-33-28-1536x708.png 1536w, https://thenewscrypto.com/wp-content/uploads/2024/12/CRVUSDT_2024-12-10_14-33-28.png 1814w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
</figure>
The 9-day moving average (MA) at $1.07 is above the 21-day MA at $0.75, confirming a bullish crossover. This pattern suggests strong upward momentum in the short term. However, sustained growth depends on <a href="https://thenewscrypto.com/blackrock-bitcoin-etf-defies-market-dip-secures-358m-in-net-inflows/" target="_blank" rel="noopener noreferrer nofollow">market </a>volume and broader trends. The Relative Strength Index (RSI) currently stands at 80.09, signaling overbought conditions. The RSI average at 73.27 indicates potential for short-term price corrections. Traders should monitor the RSI <a href="https://www.tradingview.com/chart/xTeB2FRP/?symbol=BINANCE%3ACRVUSDT" target="_blank" rel="noopener noreferrer nofollow">closely</a> as overbought signals often precede pullbacks.
If CRV sustains its current momentum and breaks key resistance levels, it may attract more buying interest. A move beyond $1.25 could <a href="https://thenewscrypto.com/hbar-bulls-propel-price-to-surge-48-with-key-technical-levels/" target="_blank" rel="noopener noreferrer nofollow">propel</a> prices toward $1.35 in the coming sessions. Conversely, failure to hold $1.10 might shift sentiment to bearish. This surge in CRV aligns with heightened trading activity across the crypto market. Highlighted Crypto News Today <a href="https://thenewscrypto.com/is-arbitrum-on-the-verge-of-a-major-price-breakout/" target="_blank" rel="noopener noreferrer nofollow">Is Arbitrum on the Verge of a Major Price Breakout?</a>

Is CRV’s Bullish Momentum Set to Continue?

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