Foreign media: CRV rises to a key resistance level, with $0.30 becoming the focus

CRV has risen by 34% this week, breaking through a multi-month descending trendline. Foreign media believe this move has significantly improved the short-term structure, with the market's focus now shifting to the resistance range between $0.29 and $0.30.

This week’s increase reaches 34%

The article notes that CRV had previously consolidated at low levels for an extended period, with price compression lasting quite some time. As buying gradually absorbed selling pressure above, the token has recently shown a faster upward pace.

• $0.29 to $0.30 is the key short-term resistance
• If it breaks above $0.30, $0.35 may become the next target
• Further breaking through $0.35 would see resistance at the $0.38 to $0.40 range

Expansion of Curve’s lending brings support

Besides price factors, the article also mentions Curve is advancing its lending ecosystem. LlamaLend V2 is introducing isolated lending markets and allowing Curve LP tokens to be used as collateral, providing new support for the protocol’s fundamentals.

Foreign media consider this development has brought more attention to Curve’s lending infrastructure, making the current rebound more than just a short-term fluctuation.

Above $0.25 remains a crucial zone to watch

However, the article also points out that CRV has surged significantly within a week, and short-term profit-taking risk is rising. If the price pulls back, the $0.25 to $0.26 area will be an important level to watch.

If buying can hold up at this range, the current rebound structure may be maintained. Otherwise, if the price continues to fall below $0.23 to $0.24, the risk of CRV returning to its previous consolidation range will increase notably.