- Analyst AltCryptoGems bullish on CRV, cites “perfect retest and pump” off support
- Sees classic uptrend confirmation; eyes break of long-term trendline near $0.58
- Believes pattern could form “round bottom” ahead of push towards $0.60+ resistance
token of the Curve Finance ecosystem, for potential profit-making opportunities within the current crypto market. The analyst noted a bullish preference for CRV, citing its recent rebound from a key support level as a “perfect retest and pump” scenario playing out.
The analyst shared a screenshot of CRV/USD’s 4-hour chart to illustrate their analysis. They highlighted areas showing how the price emerged through critical resistance levels which appeared to reflect building bullish momentum based on the pattern.
His chart analysis indicated that CRV’s price spent most of February and March consolidating within a defined price range before the recent move.
Related: Early Moves Pay Off as XRP, CRV, and WIF Stabilize at Lows
Analyst Sees Classic Uptrend Confirmation
Despite trading within that range previously, CRV’s more recent price action revealed what the analyst identified as a classic uptrend confirmation in late March. This sequence involved the price breaking above crucial prior resistance, successfully flipping that level into new support, and then retesting that support area before continuing its upward trajectory.
AltCryptoGems considered this specific break-and-retest price pattern a confirmation of CRV’s bullish short-to-medium term outlook. He cited the upper limit of the prior trading range as the next crucial resistance test for the altcoin’s strength.
Related: Why Are LUNA, CRV, GMT, and FTT Experiencing a Surge? Key Insights for Newcomers
CRV Price Action and Key Levels
TradingView data showed CRV trading near $0.5327 at press time (early April 1), after pulling back slightly from a daily high of $0.5775 reached earlier.
That daily high coincided precisely with a significant long-term downward trendline drawn from the cryptocurrency’s prior major high near $1.34 set in December 2024.
Breaking decisively above this multi-month trendline is needed for CRV to potentially target the $0.6064 resistance level next. Clearing that could allow the token to enter a broader trading range, possibly with increased volatility.
Analyst Outlook: Confidence Despite Choppy Market
Although AltCryptoGems appreciated CRV’s recent bullish chart signals, he also expressed broader confidence in its further upside potential moving forward.
He acknowledged the overall crypto market’s current lack of strong directional momentum, describing its recent nature as “slow and choppy.”
However, the analyst previously noted CRV’s break above the $0.45 price level as a crucial initial sign that suggested bullish momentum was building. He believes the chart structure could now confirm an emerging “round bottom” formation, a pattern often interpreted by technical analysts as potentially occurring ahead of more significant upside price movement.
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