CRV/USDT | Long | DeFi Utility | (June 24, 2025)

CRV/USDT | Direction: Long | Key Reason: Pattern Reversal & DeFi Utility | (June 24, 2025)

1️⃣ Insight Summary
CRV is forming a bullish “W” at the bottom of its parallel channel, supported by value area highs, point-of-control, and structural support around $0.47–$0.55. If it flips that zone into support, a strong rebound toward $0.61 and higher looks likely.

(Note: The widget displays current price around $0.58, up ~10% in the past 24h.)

2️⃣ Trade Parameters
Bias: Long
Entry: Around $0.548 (upper “W” neckline)
Stop Loss: Below $0.47 (channel bottom & structural support)
Take Profit 1: $0.61
Take Profit 2: $0.70
Take Profit 3: $0.78
Extended Target: $0.84 (exit 50% profit)
Final Run-Up Target: $1.00

R/R ratio is around 1:7—very favorable if support holds.

3️⃣ Key Notes
✅ Technical setup: Classic double-bottom structure at channel low, supported by POC and value area high—ideal reversal base.
✅ DeFi fundamentals: CRV is the governance token for Curve Finance, a top-tier stablecoin AMM on Ethereum and L2s
✅ Robust ecosystem & growth: Consistently high TVL (~$2.6B), cross-chain deployments, governance participation, and sound tokenomics
coindcx.com
✅ Security signals: Admins resolved a front-end DNS hijack issue in May without any fund loss; founder repaid a $42M Aave loan—credibility-enhancing steps
finance.yahoo.com

⚠️ Risks: Still in a downtrend with inflationary token distribution and intense competition from other AMMs/governance tokens.

4️⃣ Follow-up Note
If CRV breaks above $0.61 with volume, I’ll reassess the trade and consider holding to the $0.84–$1.00 zone. Any drop below $0.47 invalidates the bullish setup.

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Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.