CRV Surges 16% as DeFi Demand Returns, Can It Reach Year-to-Date Peak?

Curve DAO's native token CRV surged over 16% in the past 24 hours, marking a significant turnaround for the DeFi sector. The growth comes as demand for stablecoin liquidity and swaps increases.

The buying activity has been substantial, with daily trading volume increasing by 174% to $122 million. This is a clear indication of the growing interest in CRV.

The current market structure suggests that the trend shift is confirmed, with CRV sitting above its most recent higher high (HH). The token bounced from the 20-day moving average (MA), which has been acting as a key zone of resistance.

To maintain this bullish momentum, CRV needs to hold above $0.345 and overcome resistances at $0.3851 and $0.3976. If it can do so, it could potentially reach its year-to-date peak of $0.44.