Curve DAO surges 24% in 7 days: Is $1.16 ahead for CRV?

CRV has surged by 24.79% over the past week.
With strong bullish sentiment, Curve DAO is well positioned for gains.

As a seasoned analyst with over two decades of experience in the crypto market, I have witnessed numerous bull and bear cycles. However, the recent surge in Curve DAO [CRV] has caught my attention, not just because of its impressive 24.79% gain over the past week, but also due to the underlying fundamentals that suggest a potential sustained uptrend.

The decline in exchange flow balance and the drop in the Large Holders Netflow to Exchange Netflow Ratio indicate that investors, particularly whales, are accumulating CRV tokens, a bullish sign. Moreover, the strong demand for long positions on Binance, as evidenced by the positive funding rate, further supports this bullish outlook.

However, as in any market, there are always potential pitfalls. If sellers regain control, CRV could drop to $0.87. But given the current momentum and investor sentiment, I believe that if the bulls can hold their ground, CRV will reclaim the $1.12 level and potentially breach $1.16.

In a lighter note, remember folks, investing in crypto is like riding a roller coaster – it’s all about holding on tight during the drops and enjoying the view during the peaks! So buckle up, because the ride with Curve DAO might just be getting started.

Over the past week, Curve DAO [CRV] has shown resilience with a steady climb after reaching its lowest point at $0.68.

During this span, CRV has risen by approximately 24.79%, regaining the $1 mark. Yesterday, the cryptocurrency peaked at $1.08. Yet, it has slightly retreated since that time.

As I’m writing this, Curve DAO is currently exchanging hands for approximately $0.97. Notably, this represents an 8.03% rise in value when compared to daily trading data. Simultaneously, the trading volume has seen a significant surge, up by 21%, amounting to a substantial $386 million over the same timeframe.

Based on my years of analyzing market trends and observing the ebb and flow of cryptocurrency prices, I must admit that the recent performance of CRV has left me somewhat puzzled. As a seasoned investor, I’ve seen many instances where a strong rally is followed by a corrective phase, but I can’t help but wonder if this time might be different for CRV. The market conditions have certainly raised questions in my mind about the sustainability of its recovery or whether it’s just another temporary correction. Only time will tell whether we are witnessing the early stages of a prolonged uptrend, or if we are simply experiencing a pause before the next downturn.

Is CRV ready for a sustained uptrend?

Based on my analysis with AMBCrypto, I’ve noticed a significant surge of optimistic feelings surrounding Curve DAO as the bearish pressure seems to be easing off.

Initially, it’s worth mentioning that the equilibrium between inflows and outflows of Curve DAO’s exchange trading has tipped negatively over the last seven days, reaching a level of -417.6. This trend indicates that investors are transferring their CRV tokens away from exchanges.

Essentially, withdrawals from these trading platforms are happening faster than deposits, as investors move their funds into personal digital wallets.

As a researcher delving into this field, I’ve noticed that the outflow from whales, those significant cryptocurrency holders, is increasingly evident. Interestingly, according to IntoTheBlock’s analysis, there has been a substantial shift in the Large Holders Netflow to Exchange Netflow Ratio. This ratio, which was previously at 1.38%, has now dropped significantly to -0.32%. In simpler terms, this suggests that whales are not only reducing their cryptocurrency holdings but also increasing their transfers to exchanges more than the average exchange outflows.

If it falls below zero, this typically suggests that whales (large investors) are stockpiling, a scenario that usually indicates a potential price increase or a bullish trend.

Significantly, as big token holders transfer their CRV tokens away from exchanges, this suggests their faith in the market, indicating that they’re not likely to dispose of their tokens anytime soon.

As someone who has been closely monitoring the cryptocurrency market for several years now, I have noticed a significant surge in demand for long positions on Binance, particularly for Curve DAO. This trend is evident from the positive Binance Funding rate that has persisted over the past five days. My personal experience tells me that such sustained positive funding rates often indicate a bullish sentiment among traders and investors, which could potentially lead to further price increases in the near future. Therefore, it might be wise for those who are actively trading or considering entering the market to pay close attention to these developments and adjust their strategies accordingly.

Indeed, I’ve observed that long positions can withstand the fluctuations in the Spot market. Consequently, traders who maintain long positions are prepared to bear premiums and continue holding their trades even during market declines.

Ultimately, over shorter durations, those investing in CRV appear optimistic, opting to invest for potential gains (going long). As per Coinglass’s data, approximately 52% of the total market is currently holding long positions on a 4-hour scale.

When longs dominate, it suggests that investors are betting on prices to rise.

Read Curve DAO’s [CRV] Price Prediction: 2025–2026

Essentially, Curve DAO appears to be indicating a possible revival as it gains considerable positive traction. If the bulls manage to maintain control over the market, the price of CRV could potentially rise back up to around $1.12.

Should it surpass this point upwardly, the following potential goal is $1.16. If buyers then lose control of the market, however, CRV might dip down to $0.87.

2024-12-30 03:04

Is CRV ready for a sustained uptrend?

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