Curve DAO Token (CRV) has exploded with a 25% daily surge, climbing to nearly $1 as traders pile into what looks like a confirmed bullish breakout. Over the past week, the token delivered a 73% rally, driven by a confluence of technical momentum, a tightening supply on exchanges, and renewed investor confidence.
Supply Squeeze Hits CRV
Supporting the price move is a clear supply squeeze. On July 16, exchange netflows recorded a massive -2.67M CRV, meaning more tokens were withdrawn from trading platforms than deposited.
This sharp decline in exchange reserves increases scarcity, making it harder for sellers to dump tokens without moving the market.
Whale accumulation has also tightened liquidity. Data shows 54.25% of CRV’s circulating supply is held by whales, effectively limiting sell pressure. The stock-to-flow ratio reached 71.68, the highest in CRV’s history, which means that investors are holding tokens for longer periods rather than selling into the rally.
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On-chain metrics further support the bullish case. Curve’s total value locked (TVL) stands at $2.55 billion, showing stable DeFi liquidity. With over 65% of CRV’s market cap staked, the circulating supply remains limited, which further fuels the current uptrend.
Curve DAO Token Breaks Key Resistance, Eyes $1.27
CRV had been trapped inside a three-month descending triangle, a bearish-looking structure that finally flipped into a bullish catalyst when the $0.77–$0.83 resistance was broken on July 16. This breakout triggered algorithmic buying, pushing the price to $0.993 intraday, according to CoinMarketCap.
Momentum indicators show this rally was sharp and aggressive. The RSI sits at 84.99, signaling that the token is overbought; yet, the breakout unleashed a wave of volume, over $727 million in 24 hours, more than double the previous day’s trading activity.
Analyst The Breakout Zone notes that the 0.88 zone has flipped into support, clearing a multi-month resistance. The next major target is $1.27, which serves as a structural pivot from 2023 and a potential “magnet” for momentum-driven buyers.
In the immediate term, CRV could push toward $1.10–$1.15, but expect profit-taking due to the overbought RSI. If momentum sustains and the exchange supply continues to shrink, it could reach the $1.27 mark. This would allow it to move towards $1.50 in the coming weeks.
However, if buying pressure weakens, a retracement toward the $0.88–$0.92 support zone is likely before another attempt at higher levels.
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