TL;DR
- Curve DAO (CRV) surged 75% in a week and 22% in a day, breaking through a bearish structure that had capped its price for months.
- A total of 2.67 million CRV were withdrawn from exchanges, fueling buying pressure and backed by a stock-to-flow ratio at historic highs.
- The RSI hit 84.99 and Bollinger Bands widened; if the momentum holds, the levels to watch are $1.10 and $1.30.
The price of CRV, the token behind Curve DAO, jumped 75% over the past seven days and 22% in the last 24 hours. Trading volume climbed 110%, reaching $847 million, while the price hit $0.99 and broke a bearish pattern that had kept it locked for months.
The breakout from the descending triangle on the daily chart, paired with strong technical momentum and aligned on-chain metrics, signals a shift that goes beyond a speculative spike.
A major factor driving buying pressure is the large-scale withdrawal of tokens from exchanges. On July 16, net outflows totaled 2.67 million CRV, suggesting holders are pulling their positions off trading platforms.
How Far Can Curve DAO (CRV) Go?
This behavior often reflects expectations of sustained price appreciation, as it lowers the circulating supply available for immediate sale. At the same time, the stock-to-flow ratio hit an all-time high, pointing to lower relative issuance and reinforcing the scarcity narrative.
From a technical standpoint, the breakout came with a sharp expansion in Bollinger Bands, signaling increased volatility and confirming the upward move. The relative strength index (RSI) climbed to 84.99, placing CRV firmly in overbought territory. If the buying pressure continues, the next key levels to watch are $1.10 and $1.30, where CRV has previously faced resistance. For those looking to limit downside exposure, exiting around $0.89 could serve as protection against a potential pullback.
Curve’s rally reflects a narrative anchored in scarcity. Liquidity outflows are taking precedence over traditional technical signals. While the RSI suggests short-term exhaustion, structural conditions hint at a broader market reset after a long accumulation phase. If capital inflows remain steady and exchange liquidity keeps drying up, Curve DAO could sustain this trend and even push toward highs not seen in over seven months
