Curve DAO Token (CRV) is currently trading at $0.7760 and has recorded a minor gain of 2.07% in the previous 24 hours. However, the market activity has decreased very sharply with the daily volume at $66.85 million, decreasing by more than 60%. CRV has fallen by 13.73% in the previous week, a consequence of the ongoing sell-offs in the overall cryptocurrency space.
Downtrend channel still dominates CRV chart
Crypto analyst AlienOvichO, thinks that CRV may have hit the end of the correction period. The asset is in the middle of a downtrend channel and has crossed into the equal legs region between $0.75 and $0.63. If the market responds to these levels, then the market can rebound. That rebound may pave the way for the start of another bullish leg.
Investor sentiment is neutral. Bulls are looking for buying momentum to return, while bears are expecting lower levels. A decisive break above levels of resistance will be significant. Without large inflows, CRV can slide gradually lower. Trader focus is on signs of reversal.
CRV price forecasts for 2025
DigitalCoinPrice predicts the CRV can reach $1.71 later in the year. Speculation is that breaking through then can happen if CRV can pass through important levels, regaining lost ground. Some predictions even hint at all-time highs, though those are still long shots.
However, Changelly has a less ambitious prognosis. Its forecast for 2025 places CRV’s price between $0.9115 and $1.02, the mean in the $0.9510 region. The analysts state the possibility of drop in the latter half of August in 2025 to $0.7454, then steady gain. From these forecasts, the ROI potential for the token ranges from 25% to 34%, reflecting moderate, rather than explosive, gain.
