Inverse Head & Shoulders Forming for CRV Token

The Curve Dao (CRV) token is showing signs of recovery as an inverse head-and-shoulders pattern develops on its one-hour chart.

Analyst Crypto With Gopal noted that buyers created a higher low following the pattern's head, indicating weakening bearish momentum and accumulation.

The neckline of this formation is located between $0.212 and $0.214, with a clear breakout expected to signal a reversal and push the CRV price above $0.220.

A stronger volume is necessary for this breakout to occur, as indicated by Gopal.