The Curve DAO Token (CRV) price has been rising since the start of the month, attracting nearly 25% in gains. With this, the rally has entered a key resistance area that could determine the next leg of recovery. While fresh positions are entering, it would be interesting to watch whether the price will break this zone, as the rally has faced repeated rejection in the past. Now the question arises whether the bulls absorb the selling pressure and push the CRV price above this key barrier.
CRV has broken out of its prolonged $0.18–$0.21 consolidation range and climbed toward the $0.26–$0.29 zone, where the price is now facing repeated rejection. This region is particularly important, as it represents a major order block, with whale activity historically concentrated around these levels. The repeated reactions from the zone suggest that large holders may be actively defending their positions, creating significant selling pressure as CRV attempts to move higher.
The latest rally has pushed CRV into this supply zone, but buyers have so far failed to establish a decisive breakout. At the same time, open interest has risen toward $72.5 million, indicating that fresh positions are entering as the token approaches resistance. A sustained move above $0.29 would therefore be crucial, as it would signal that buyers have absorbed the supply within the order block. Until then, another rejection could pull CRV back toward the $0.23–$0.21 breakout area.
Key Levels to Monitor
- $0.29 resistance: The immediate barrier and upper boundary of the whale-heavy order block. A decisive close above this level could confirm further upside.
- $0.33 resistance: The next major target if CRV breaks above $0.29, marking the next potential supply zone.
- $0.23–$0.21 support: The key breakout/retest area. Holding this zone would keep the bullish structure intact if CRV faces another rejection.
- $0.18–$0.19 support: The major demand zone and previous consolidation base. Losing this area would significantly weaken the recovery setup.
Curve DAO Token (CRV)’s price breakout has brought it into a key whale-heavy order block, where repeated rejection could limit the upside. A break above $0.29 could open the path toward $0.33, while a rejection may send CRV back toward $0.21 support.
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