Curve DAO (CRV) price is on an upward swing, driven by a surge in developer activity and positive market sentiment. The asset has gained over 15% this week, reaching a new high above $0.58. DefiLlama data reveals a record high of 927 developer commits per month, indicating strong confidence in the project.
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. Defi Llama 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.
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. 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. 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. 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.
Curve DAO CRV Defi Developer Activity Price Forecast
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