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Curve CRV Forms Bullish Ascending Channel, Signaling Potential Trend Reversal

Curve CRV Forms Bullish Ascending Channel, Signaling Potential Trend Reversal

Author:

Global Cryptocurrency

Published:

2026-01-16 12:08:10

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Curve CRV News -

Curve DAO's CRV token is showing early signs of recovery, stabilizing at $0.4270 with a 1.19% gain over the past 24 hours. The asset's $185.50 million trading volume and $619.73 million market cap reflect renewed buying interest as it carves out a clear ascending channel pattern.

Technical analyst Alpha Crypto Signal notes CRV's consistent formation of higher highs and higher lows within the channel framework. The midpoint currently serves as a critical decision point, with sustained support at the lower boundary maintaining the bullish potential. A breach below channel support could invalidate the pattern.

This formation suggests a potential trend reversal from previous bearish conditions. Market participants are closely watching for either a continuation MOVE toward the upper channel resistance or a breakdown below the established support level.

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