- Curve DAO price extends its gains by 8% on Thursday, rallying over 15% so far this week.
- DefiLlama data shows that the CRV’s developer activity hit a new ATH, surpassing 900 commits per month.
- The technical outlook suggests a rally continuation as CRV’s long-to-short ratio points to increasing bullish bets among traders.
Curve DAO (CRV) price extends its gains by 8% and trades above $0.58 at the time of writing on Thursday, rallying over 15% so far this week. DefiLlama data shows that the CRV’s developer commits hit a new all-time high (ATH), surpassing 900 commits per month. The technical outlook suggests a rally continuation as CRV’s long-to-short ratio points to increasing bullish bets among traders.
Developer activity hit a new ATH
According to DefiLlama, a crypto aggregator for DeFi (Decentralized Finance), Curve DAO developer commits hit a new all-time high of 927, surpassing 900 monthly commits for the first time.
The high development activity on CRV reflects growing confidence in its blockchain projects, which boosts investor trust and reinforces positive market sentiment.
CRV developer commit chart. Source: DefiLlama
Another bullish sign is Coinglass’ CRV long-to-short ratio, which reads 1.10, the highest level in over a month. This ratio above one reflects bullish sentiment in the markets as more traders are betting for the asset price to rise.
CRV long-to-short ratio chart. Source: Coinglass
Curve DAO Price Forecast: CRV bulls aim for the $0.69 mark
Curve DAO price broke above its 50-day Exponential Moving Average (EMA) at around $0.50 on Wednesday and rallied 9.47%. At the time of writing on Thursday, it continues to trade above $0.58, scoring 7% in daily gains.
If CRV continues the upward trend, it could extend the rally to retest its next daily resistance level at $0.69.
The Relative Strength Index (RSI) on the daily chart reads 68, above its neutral level of 50, indicating strong bullish momentum. The Moving Average Convergence Divergence (MACD) indicator on the daily chart also showed a bullish crossover, giving a buy signal and indicating an upward trend.
CRV/USDT daily chart
However, if CRV fails to find support around its 50-day EMA and closes below it, it could extend the decline to test its weekly support at $0.42.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Chainlink looks at $14 resistance as outflows from exchanges signal continued demand
Chainlink exchange outflows exceed $120 million in the last 30 days, hinting at increasing accumulation. The breakout from a falling wedge technical pattern and an uptrending RSI indicator signal stronger bullish momentum.
Bitcoin extends gains toward $90,000 as ETFs inflows exceed $381 million
Bitcoin is extending its gains, trading above $88,000 at the time of writing on Tuesday after rising nearly 3% the previous day. Institutional demand seems to be supporting BTC’s recent price rally, with US spot ETFs recording an inflow of $381.40 million on Monday.
Top 3 gainers Fartcoin, POL, DeepBook: Altcoins surge as Bitcoin nears $90,000
Investors in select altcoins like Fartcoin, POL and DeepBook welcome double-digit gains. Bitcoin inches closer to $90,000, potentially waking up as digital Gold amid uncertainty in the macro environment.
Hyperliquid updates validator to 21 permissionless nodes, HYPE price breaks out
Hyperliquid’s validator update allows anyone to register, with the 21 largest stakes forming the active set. Validators must lock up 10,000 HYPE for one year, whether in the active set or not.
Bitcoin Weekly Forecast: BTC holds steady, Fed warns of tariffs’ impact, as Gold hits new highs
Bitcoin price consolidates above $84,000 on Friday, a short-term support that has gained significance this week. The world's largest cryptocurrency by market capitalization continued to weather storms caused by US President Donald Trump's incessant trade war with China after pausing reciprocal tariffs for 90 days on April 9 for other countries.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.