- CRV trading volume jumps 32%, signaling growing market interest.
- Bullish structure forms with resistance at $1.04 and $1.0299.
- Multi-chain staking upgrade boosts Curve Finance’s DeFi expansion strategy.
Curve DAO Token ($CRV) is gaining traction as bullish momentum returns to the market. Crypto analyst CrediBULL Crypto noted that the token is showing strength on the 15-minute chart.
At the time of the update, CRV was trading at $1.0144, positioned just below the $1.02 resistance zone. The price action suggested a recovery after reclaiming this crucial level.
On-chain data also showed a 32.88% increase in trading volume, signaling growing market interest. The $1.0299 level, marked by the 100% Fibonacci extension, remains a key supply zone for bulls to surpass. If breached, it could trigger further upside.
However, in the event of a pullback, a demand area sits between $0.9024 and $0.89. CrediBULL Crypto highlighted this inefficiency zone as a support range if prices retrace.
Positive Sentiment Fuels Short-Term Outlook
At press time, CRV is priced at $1.03, posting a 5.16% gain over the past 24 hours. Market sentiment around the token has improved, driven by its recent price structure and bounce from lower levels. This indicates growing interest from buyers who anticipate a bullish continuation.
Immediate resistance lies near $1.04, with technical indicators showing strong momentum if this threshold is cleared. Support is observed around the $0.95 level. Analysts suggest that CRV’s structure aligns with a potential breakout scenario in the short term, especially as volume increases and market attention returns.
Curve Finance Rolls Out Staking V2 on Multiple Chains
Meanwhile, Curve Finance has announced the integration of Stake DAO’s Staking V2 across Fraxtal, Base, and SonicLabs networks. The update moves the staking functionality beyond the Ethereum mainnet. According to Curve Finance, the upgrade introduces instant boosted rewards, removing dilution concerns common in earlier models.
Stake DAO also confirmed an improved user interface and experience, aimed at increasing engagement. Full details are expected ahead of the mainnet rollout. The multi-chain expansion highlights a broader push for scalability and improved access within the DeFi ecosystem.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
