Curve Price Rally Faces Resistance Ahead of Key Target
The Curve (CRV) price has turned bullish after gaining 26.34% in seven days and reaching $0.3785, according to a recent analysis. The rebound was supported by renewed interest in decentralized finance (DeFi) and steady trading activity.
Buyers now face resistance at $0.3941, the weekly high, where momentum readings show the rally may need a pause. A break above this level could extend the move toward $0.4312 next week, which sits about 13.9% above the current price.
The Average Directional Index (ADX) stands at 42.2194, and MACD and Bull Bear Power readings favor upside. However, momentum has become stretched, with the Relative Strength Index sitting at 69.0286, close to the overbought threshold of 70, and the Commodity Channel Index in deep overbought territory.
The Curve DAO (CRV) price is currently trading above short-term support at $0.3201, which provides a crucial level for the bulls to defend. A breakdown beneath this area would weaken the recovery structure and provide the first warning that demand is weakening after the weekly advance.