CRV is experiencing a significant price surge, testing the $0.43–$0.47 resistance zone after months of accumulation. The market capitalization has increased to between $630 million and $640 million, indicating robust capital inflow. A breakthrough above the $0.47 resistance could pave the way for further gains toward the $0.55–$0.65 range.
The token has been in a prolonged downtrend since August, constrained by a descending trendline. However, recent price movements suggest a potential trend reversal, with buyers defending key levels and preventing further declines. The current resistance zone aligns with both horizontal resistance and the long-term trendline, marking a critical juncture for CRV.
Short-term price movements show bullish momentum, with rapid advances from the $0.39–$0.40 range. Key levels around $0.42 and $0.441 are pivotal for traders, with acceptance above these points favoring continued upward momentum. Market capitalization signals further support for this trend, with recent increases reflecting new investment and buyer confidence.
CRV Price Surges Amid Strong Capital Inflow, Testing Key Resistance
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