Curve CRV Completes Bullish Inverse Head-and-Shoulders Pattern, Eyes Breakout
Curve DAO Token (CRV) has completed a significant inverse head-and-shoulders pattern, a technical formation frequently signaling a bullish reversal. The token has reclaimed momentum above a key support level, with analysts watching for a potential breakout if resistance converts to support.
CRV's price action indicates upward momentum, as the token now tests a major resistance zone. A successful breach could confirm the reversal and trigger further gains. At press time, CRV traded at $0.3962, with a 24-hour volume of $187.54 million and a market cap of $565.47 million.
Market observers highlight the pattern's neckline as a decisive level—holding above it could propel CRV toward higher price targets. This technical formation aligns with renewed interest in decentralized finance (DeFi) assets, though broader market conditions remain a factor for consideration.
