Curve DAO’s Whirlwind Dance: Will It Hit $0.86 or Tumble Down to $0.70? 🤔💔

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Key Takeaways

Ah, behold: Curve DAO has gallantly soared 15.5%, grazing a two-month pinnacle before teasingly retreating to a somber $0.79. Our charming friend CRV has found itself in a curious game of scarcity, its elusive stock-to-flow ratio now a bewildering 71.68.

In an exuberant pirouette, Curve DAO (CRV) rallied 15.5%, kissing the enchanting high of $0.80, only to gently descend to $0.79—what a disheartening romance! On the intricacies of daily charts, our dear altcoin found itself twisting in the coils of an age-old compression wedge, like a contorted starlet on a dark stage.

Consequently, market capitalization spiked a merry 14%, waltzing its way to $1.08 billion, while trading volume surged, in a majestic crescendo of an astounding 43%, now reaching $454 million. Ah, the theater of trading! When volume dances in step with market cap, one can but whisper of the grandeur that is on-chain activity and raucous capital flow.

But pray, what folly could be stirring this vibrant price waltz?

Buyers Make a Strong Comeback

After embracing the sidelines like weary spectators, buyers have tumbled back into the melee, with vigor reminiscent of a biennial circus returning to town, igniting the altcoin to record a veritable two-day stretch of negative net flow! 🥳

As reported by CoinGlass, the Exchange Netflow of Curve DAO saw a staggering plunge, pathetically languishing at a three-week low of -$2.67 million. Alas, a similar saga played out on the fateful 15th of July, where Netflow revealed its weaknesses at -$2.29 million. Such a charming sign of aggressive accumulation—like hoarders in a ransacked attic!

Thanks to this hearty buying spree, CRV’s scarcity has vaulted to an all-time high, a glorious 71.68, as per the data spun from the webs of Santiment. When scarcity rises to heavenly greetings, it hints at fewer tokens ready for the immediate kill, and oh, how wait we for the feast!

Historically, such market shenanigans have often staged a prelude to price elevations as they lift their skirts amid languid selling activity.

Futures Are Eyeing More Gains

In the throes of this spirited price surge, buyers have leaped into the fray with a determination only matched by a caffeine-fueled raccoon—forever on the prowl for a secret stash!

According to the diligent sages at Coinalyze, Curve DAO’s Funding Rate has basked in a positive glow once more on the 16th of July. As of our current tête-à-tête, the Funding Rate resides at a quaint 0.0077, side by side with the Predicted Funding Rate at 0.01,7—nay, verily a strong demand for long positions!

Hence, the Long Short Ratio ballooned to 1.56, with Longs gallivanting at 60% whilst shorts trailed behind at 39.37%. Such ravenous enthusiasm for long positions suggests that investors have donned their lucky socks, wagering vigorously on ascending prices. 🤑

Can CRV Hold These Gains to Target $0.86?

In the eclectic analysis of AMBCrypto, it appears Curve DAO surged forth as buyers cascaded into the marketplace, eager to embrace the rally as moths to a flame. 🔥

Our charming altcoin found its Relative Strength Index (RSI) ballooning to an impressive 76, flirting with the dazzling realms of overbought territory. Meanwhile, the +DI of the DMI waddled to 40.5, offering a cheeky nod toward robust upward momentum with delicious potential for continuation.

With these momentum indicators set as the cast and crew, one might dare declare that the markets are in full bloom! Should buyers sustain their antics at this fervor, Curve DAO may indeed cliff-dive into further gains. Yet the final frontier beckons at $0.86, a lofty goal that synchronizes with our multi-month resistance.

Alas, CRV must nobly close each day above 0.77 after this tantalizing flip; anything lower could spell a tragic retreat to $0.70. Ah, what a drama unfolds!

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2025-07-16 17:16