Curve DAO Token Rebounds, Hints at Potential Reversal with New Protocol Support

Curve DAO Token (CRV) experienced a significant drop of over 27%, falling from $0.70 to a low of $0.35 before recovering to $0.51. Technical analysis suggests potential bullish signs due to the formation of a triple-tap bottom pattern, indicating price exhaustion and possible upward movement. This rebound comes alongside increased trading activity, as seen by a spike in volume exceeding 178%. 24-hour trading volume on CRV has also shown significant increase after the initial decline. The token’s market capitalization stands around $717 million, while its trading volume jumped significantly. Source: CoinMarketCap.