Curve CRV Explodes 79% in 7 Days – Is a 7-Month High Next?
Curve DAO's CRV token has delivered a staggering 79.32% weekly rally, with a 28.39% surge in the past 24 hours alone. Trading volume spiked 72.78% to $727.58 million as the price hit an intraday high of $0.993, breaking months of consolidation.
The rally appears fundamentally driven, with exchange netflows showing 2.67 million CRV withdrawn from platforms on July 16—signaling growing scarcity. This is reinforced by CRV's Stock-to-Flow ratio reaching record levels, indicating constrained supply amid rising demand.
Technical analysis reveals a decisive breakout from a descending triangle pattern on daily charts. The MOVE comes as DeFi tokens gain renewed attention, with CRV's liquidity pool innovations continuing to attract institutional interest.
Log in to Reply
Log in to comment your thoughtsComments
Related Articles
|Square
Get the BTCC app to start your crypto journey
Get started today Scan to join our 100M+ users