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Curve DAO Token (CRV) To Bounce Back? Key Bullish Pattern Formation Suggest So!

Curve DAO Token (CRV) To Bounce Back? Key Bullish Pattern Formation Suggest So!

CoinsProbeCoinsProbe2025/11/18 17:27
By:Nilesh Hembade

Date: Tue, Nov 18, 2025 | 06:00 AM GMT

The broader market continues to face downside volatility as both Bitcoin (BTC) and Ethereum (ETH) declined more than 5% in the past 24 hours. However, a notable 1% drop in BTC dominance (BTC.D) has provided some relief, allowing several altcoins to stabilize and slow their bleeding.

Curve DAO Token (CRV), after recording a sharp 16% weekly decline, is now showing something far more meaningful beneath the price weakness. Its latest technical structure is shaping up into a pattern that often precedes bullish reversals.

Curve DAO Token (CRV) To Bounce Back? Key Bullish Pattern Formation Suggest So! image 0 Source: Coinmarketcap

Double Bottom Pattern in Play?

On the daily chart, CRV appears to be forming a classic double-bottom pattern following a strong downtrend that began when the token failed to break the $0.5461 neckline resistance in early November. From there, the price entered a deep corrective phase, dropping more than 25% and revisiting the crucial $0.4075 support zone — the area now marking the second bottom of the potential pattern.

The chart highlights multiple interactions with this support zone, suggesting that buyers are defending it aggressively. The recent bounce to $0.4220 indicates early signs of a possible shift in momentum as demand begins to outweigh selling pressure.

Curve DAO Token (CRV) To Bounce Back? Key Bullish Pattern Formation Suggest So! image 1 CRV Daily Chart/Coinsprobe (Source: Tradingview)

With CRV lifting from the highlighted support area and attempting to move back into the previous consolidation range, the overall structure is starting to resemble a textbook double-bottom formation — a pattern known for signaling early trend reversals.

What’s Next for CRV?

The most important zone to watch is the $0.4075 support region. Maintaining price strength above this level is crucial for keeping the bullish structure intact.

If CRV continues to rebound, the next major test lies at the 30-day moving average, currently positioned around $0.4863. This dynamic resistance level aligns with the neckline region of the pattern and could determine whether CRV transitions into a stronger bullish recovery.

A successful breakout above the 30-day MA would confirm the double-bottom formation, unlocking a potential upside target around $0.5461 — representing a meaningful recovery from current levels.

However, if CRV loses the $0.39–$0.40 support area, the bullish setup would be invalidated, opening the possibility for deeper downward pressure before any future recovery attempt.

As CRV approaches its neckline zone, traders will be closely monitoring volume and momentum to gauge whether a confirmed reversal is underway.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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