Curve DAO Token jumped 22% on Wednesday, ending a four-month period of little movement after Curve Finance launched Llamalend v2, its updated lending platform. By 11:28 GMT+1, the CRV price was trading near $0.25, up from the previous close of $0.2109.
This surge pushed the token to the upper end of a range it has stayed in since February, with support around $0.19 to $0.21 and resistance at $0.27 to $0.28. This range formed after CRV dropped from over $1.00 in September 2025.
Even with the recent rally, Curve DAO coin is still down 30.78% this year, 66.18% over the past year, and 91.04% from its all-time high. This move seems more like a return to its range than the start of a new uptrend.
Llamalend v2 Gives CRV a Fresh Fundamental Hook
Llamalend v2, launched on June 10, expands Curve’s lending beyond crvUSD into separate markets that accept any supported asset on both the borrow and lend sides. This includes using Curve LP tokens as collateral, so providers can earn trading fees and borrow against the same position.
Now, range-based LLAMMA liquidations apply by default. These convert collateral gradually instead of all at once. Non-crvUSD markets also charge an admin fee that goes to the Curve DAO, linking lending activity to CRV’s economics.
The rollout begins on Optimism with three zero-cap markets: ETH to wstETH, wstETH to USDC, and WBTC to USDC. These are supported by a 100,000 OP incentive campaign through Merkl. Expansion to the Ethereum mainnet will follow after a governance vote, which takes about seven days. This news comes as Santiment ranks Curve second for development activity in the Polygon ecosystem.
Short Liquidations Fuel Curve DAO Token Toward $0.28 Breakout
Derivatives data show the source of the pressure. Futures volume jumped 208% to $265.47 million, while spot volume rose 79% to $91.74 million. According to CoinGlass data, open interest increased by 34.99% to $82.76 million, suggesting the emergence of new positions rather than existing trades.
The 24-hour long/short ratio was 0.9775, below parity, even as the price surged. Liquidations back this up, with shorts taking $502,450 of the $706,820 cleared in 24 hours. This means buyers stepped in, but shorts covering after the news sped up the move.
Currently, the ADX is at 31.24, indicating a shift as it has cleared the 30 mark after months of low readings. Although the ADX measures the strength of a trend, it does not measure its direction. A close above $0.28 would confirm the bullish sentiment, with potential targets at $0.3343, $0.4601, and $0.6303.
If the CRV price fails to hold, it could drop back to $0.22, $0.20, or the $0.18 to $0.19 support range. As long as this base holds, the overall outlook remains intact. Any Curve DAO coin price predictions will now depend on whether demand at the upper end of this range can sustain itself once the momentum from short-covering diminishes.
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