- CredibleCrypto targets $CRV reversal at local supply zone, eyeing $2.64.
- Current price at $0.8942, up 5.49% daily, despite -7.47% position loss.
- Strategy leverages supply-demand zones amid DeFi accumulation phase.
As the crypto market buzzes with anticipation, renowned analyst CredibleCrypto has sparked excitement with a bold long position on Curve DAO Token ($CRV).
The analyst shared a detailed chart targeting a local supply zone, suggesting a potential reversal if breached. With $CRV currently trading at $0.8635 and showing a -7.47% dip from an entry of $0.87, this move comes amid a prolonged accumulation phase since 2022, hinting at growing buyer momentum.
The live price today, per CoinMarketCap, stands at $0.8942, up 5.49% in the last 24 hours, fueling optimism. CredibleCrypto’s strategy hinges on supply and demand zones, a technique gaining traction in the Web3 space. The chart highlights a rally-base-drop pattern, a classic signal for supply zones, reinforced by high volume at key levels—a method echoed in LuxAlgo’s 2025 guide on identifying critical trading areas. This aligns with TradingView’s recent analysis, where $CRV’s RSI at 54.59 indicates mild bullish momentum, with a potential breakout target of $2.64 if the supply zone clears.
However, the -7.47% loss in the analyst’s position underscores the volatility, with CRV’s 4.67% daily fluctuation adding risk to the trade. For Web3 enthusiasts, this call reflects broader DeFi trends. Curve’s stablecoin-focused AMM has solidified its niche, and the gradual unlocking of CRV’s 3.03 billion token supply—750 million in circulation since 2021—supports long-term growth. Yet, impermanent loss remains a concern, as noted in CoinMarketCap’s risk warnings.
With a market cap of $1.23 billion and a rank of #73, $CRV’s potential upside could mirror other altcoin breakouts. Investors should watch volume spikes and EMA crossovers (20, 50, 200) for confirmation, a strategy popularized by Altrady’s 2024 insights. As the day progresses this trade could set the tone for $CRV’s trajectory. Stay tuned for real-time updates.
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.
