CRV’s Falling Wedge Breakout Targets $0.79: The Technical Setup Every DeFi Trader Is Watching

Chart patterns don't lie—they just wait for the right moment to collect. The Curve DAO Token (CRV) is painting a textbook falling wedge on the daily chart, a classic reversal pattern that's tightening like a coiled spring. This isn't just another squiggle on a screen; it's a geometric argument for a significant bullish move, with a projected technical target locked in at $0.79.

The Anatomy of the Move

A falling wedge forms when the price makes lower highs and lower lows, but the converging trendlines signal selling pressure is exhausting itself. The breakout typically occurs to the upside, with momentum that often recaptures the entire height of the pattern. For CRV, that measured move calculation points squarely to the $0.79 level—a price point that would represent a substantial rally from current consolidation.

Why This Pattern Matters Now

In a market obsessed with macro narratives and ETF flows, pure price action sometimes gets drowned out. That's a mistake. Technical formations like this are the market's internal logic speaking, showing where committed capital is positioning itself before the headlines catch up. A clean breakout above the wedge's upper resistance would confirm the bulls have wrested control, invalidating the recent downtrend structure.

The DeFi Context

CRV isn't just any token; it's the governance and utility backbone of the Curve Finance ecosystem, a cornerstone of decentralized finance. A strong technical breakout here could signal renewed confidence in the broader DeFi sector's infrastructure plays, often moving in tandem with shifts in Total Value Locked (TVL) and protocol revenue metrics.

The Fine Print & The Jab

Remember, targets are projections, not promises. Volume confirmation on the breakout is non-negotiable—a low-volume move is a fakeout waiting to happen. Keep an eye on key moving averages and Bitcoin's dominance for broader market cues. After all, in crypto, even the most perfect pattern can be canceled by a single tweet from a billionaire or a regulatory murmur—because nothing says 'efficient market' like digital assets trading on vibes and subpoenas.

The setup is clear. The levels are defined. Now, the market just has to execute.

CRV Eyes Breakout as Falling Wedge Pattern Emerges

The crypto analyst, Jonathan Carter, highlighted that the Curve DAO Token (CRV) is showing signs of a bullish breakout as a falling wedge pattern emerges. The chart for CRV, on the 12-hour timeframe, shows the upper boundary has already been touched, which indicates a transition out of its accumulation phase soon. The accumulation phase is over for CRV, as its buying pressure is intensifying.

The technical indicators suggest the start of momentum, which supports the trend of an upward movement. Analysts observe that the structure of the rally remains intact, suggesting a continued bullish potential. Market participants are observing the volume and price movements that WOULD confirm a breakout trend, leading to a significant buying interest in CRV, driving it to new levels of prices.

Source: Jonathan Carter

Price targets are expected to be $0.430, $0.520, $0.635, and $0.790, which are important levels of resistance for investors. If this scenario unfolds, CRV may enjoy a measured rally. Investors are advised to closely watch their momentum indicators to benefit from this upside opportunity.

CRV Shows Reversal Signs After Hitting Oversold Levels

From the chart, it can be noted that the past year has been characterized by high volatility in terms of peaks and troughs experienced by the token. Particularly in late 2023 and mid-2024, when price touched higher levels above the upper band but then reverted to the middle band. Presently, the prices are at $0.367 NEAR the lower band, suggesting potential oversold conditions.

Source: TradingView

All major EMAs, 20, 50, 100, and 200-week EMAs, lie above the current market price, indicating an overall bearish trend. The short-term EMA (20) at $0.522 is the immediate level of resistance. MACD analysis also shows an overall bearish trend, as the histogram is negative, and the MACD line is below the signal line. The recent minor bullish change of +5.14% shows signs of a temporary relief.

Also Read: Curve DAO Token (CRV) Consolidates Between Key Levels, Targeting $0.70 Breakout