CRV Price Action Shows Signs of Bottoming Out Amid Emerging Demand
The Curve DAO Token (CRV) has been trading at a significant discount to its all-time high, sparking questions about whether it can recapture its former dominance in the next bull cycle. In recent years, CRV's price action has been marked by a prolonged bearish trend, with the asset bottoming out near $0.18 in 2024 and failing to revisit its previous highs.
However, there are emerging signs of a potential bottom forming, including shrinking weekly volume and Bollinger Bands that mirror the setup seen before the late 2024 pump. This could indicate a fresh influx of demand entering the market, with CRV targeting a retest of the $1.00 psychological level.
On-chain metrics reveal a sharp increase in whale interest in early June, with large market participants aggressively accumulating CRV and executing high-volume stablecoin swaps through the protocol's deep liquidity infrastructure.