Curve DAO Price Surges 20% After 12-Day Range Breakout

Curve DAO's price has recently experienced a significant surge, breaking out of a 12-day trading range. This breakout has shifted market sentiment and flipped a key resistance level into new support, potentially setting the stage for a substantial rally. The cryptocurrency had been trading within a narrow band for the past two weeks, leaving traders uncertain about the next direction. However, the recent price surge has turned heads across the crypto market, with early signs indicating a promising retest of the previous range high. If this retest holds, crv could be on the verge of a 20% rally toward the next major resistance zone.

The breakout from the range was not random but followed a textbook compression pattern, where price volatility slowly declined and tightened into a narrow band. This pattern often precedes a major move, and in this case, the bulls won the battle. Once CRV closed a strong hourly candle above the range high, momentum kicked in. The level it broke through had been tested multiple times before, adding weight to the breakout’s credibility. Importantly, volume spiked above the average at the time of breakout, signaling that traders weren’t just observing, they were participating. Now, the price is sitting right on the former resistance, which is acting as a new support. A successful retest of this level could validate the breakout and send CRV much higher in the coming days.

One of the key factors supporting the CRV breakout is the alignment of the VWAP (Volume Weighted Average Price) with the new support zone. This alignment suggests that institutional or smart money is defending the level. The current bullish chart pattern not only includes this VWAP support but also shows signs of market structure shifting from consolidation to trending. On the hourly chart, we’re seeing candles respecting the new support line, forming wicks below but closing above, a sign that buyers are stepping in every time the price dips into that zone.

If the support holds and buyers maintain control, CRV has room to move. The next significant resistance is a major daily level that coincides with a previous high. Reaching that area would result in a 20% rally from the breakout point. This level is more than just a number; it’s a psychological barrier and a technical pivot. If CRV can flip that level, too, it may open up room for a much larger expansion phase. However, the flip side is also important to keep in mind. If the retest fails and price closes back below the old range, the bullish scenario gets invalidated. In that case, we might see a slide back into the previous structure, where price could chop sideways again until a new catalyst emerges.

The Curve dao price surge is more than just a bounce; it’s a potential shift in trend. With a clean breakout, bullish retest, strong volume, and VWAP support, the structure is in place for a solid continuation. But it’s all about follow-through. If CRV holds this zone and breaks through the next resistance level, we could see much more than a 20% rally. However, a failure here would put CRV back in range and delay the next leg of the move. Either way, all eyes are on the charts, and Curve DAO isn’t flying under the radar anymore.