Curve Price Soars on Renewed DeFi Interest, Targets $0.4312
Curve DAO's CRV token has seen a significant rebound in price over the past week, climbing by 26.34% to reach $0.3785. This surge is attributed to renewed interest in decentralized finance (DeFi) and steady trading activity.
The price prediction for Curve now targets $0.4312 as the weekly rally extends beyond its current resistance at $0.3941. However, momentum readings have become stretched, with the Relative Strength Index (RSI) sitting at 69.0286, close to the overbought threshold of 70.
The appointment of yRisk to oversee crvUSD and Llamalend risks under a $250,000 mandate has reinforced confidence in Curve's ecosystem, according to Viktoras Karapetjanc, an expert at Traders Union. He sees room for a retest and possible break above $0.3941, which would bring the target of $0.4312 into focus.
The 20-day average at $0.3201 provides support for the CRV price, while weekly volatility reached 33.82%, indicating that wide swings may continue.