TL;DR
- CRV breaks out of 3-month channel, surges past $0.85 resistance on heavy buying volume.
- Daily transactions jump above 10,000, confirming growing network activity alongside rising price momentum.
- Over 50 million CRV withdrawn from exchanges, signaling potential long-term accumulation.
CRV Breaks Past Key Price Zone
Curve DAO’s CRV token jumped more than 22% over the past day, trading at $0.96. This significant increase adds to its impressive 7-day rally of over 70%, positioning it as one of this week’s standout performers. The trading volume also surged, exceeding $833 million in daily transactions.
A thorough examination of the price chart reveals a clear breakout from a downward channel that has persisted since early May. Furthermore, CRV successfully cleared a horizontal resistance zone between $0.80 and $0.85. Market analyst Alpha Crypto Signal states:
“As long as CRV holds above the previous resistance, the momentum remains with the bulls.”
#CRV HTF Analysis:$CRV has broken out of a descending channel and cleared the horizontal resistance zone. $CRV exploded with strong volume, confirming a bullish breakout. Now, a retest of the breakout zone would offer a solid long opportunity.
As long as $CRV holds above the… pic.twitter.com/0IW43tE57U
— Alpha Crypto Signal (@alphacryptosign) July 17, 2025
Technical Signals Still Point Up
The token is currently trading well above its 9-day EMA at $0.74 and its 50-day SMA at $0.6116, with both moving averages trending upwards, indicating strong upside momentum. The breakout candle has closed above previous resistance levels, often interpreted as a sign of solid buying strength.
As the market looks ahead, the potential for a retest around $0.85 is critical. Should the price stabilize at this level, buyers may aim for a target of $1.05. Relevant resistance levels are situated near $0.995, while support is found at $0.775 and $0.56 based on recent trading activity.
Transaction Count Rises with Price
On-chain activity for Curve has noticeably increased, with the daily transaction count recently surpassing 10,000—a figure not seen in months. This rise in usage aligns with the sharp price increase of CRV, reflecting a strengthened network engagement.
Data from early July indicate consistent growth in network activity. If this trend persists, it may bolster CRV’s current valuation and support further upward movement.
Exchange Outflows Suggest Accumulation
In a notable trend, more than 50 million CRV tokens have been withdrawn from exchanges over the past few days, according to CryptoQuant data. This marks the largest outflow recorded this year, with CRV experiencing steady withdrawals since January.
Historically, large inflows have preceded price declines, while outflows have coincided with rallies. As tokens continue to exit exchanges alongside rising prices, analysts believe that long-term holders are strategically positioning themselves ahead of potential future gains.
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