Curve DAO's CRV token has skyrocketed 70-79% over the past week, breaking key resistance levels amid surging trading volumes and significant exchange withdrawals. The token surged 22% in 24 hours to trade near $0.99, clearing a critical $0.85 resistance zone and escaping a 3-month descending channel pattern.
Daily trading volume exceeded $833 million, while on-chain transactions jumped above 10,000 – levels unseen in months – confirming robust network participation. Notably, over 50 million CRV tokens were withdrawn from exchanges, marking 2025's largest outflow and signaling potential long-term accumulation by holders. Technical indicators show CRV trading firmly above its 9-day EMA ($0.74) and 50-day SMA ($0.61), with analysts highlighting the $1.00 level as the next psychological barrier.
Fundamental drivers include Curve's $2.49 billion TVL, strategic integrations with Yearn Finance and Aave, and its veCRV governance model that incentivizes token locking. Recent protocol upgrades like the DAO Treasury and cross-chain expansion via Polyhedra's EXPchain further bolster sentiment. Market structure shows "aggressive participation driving prices higher" but warns of potential profit-taking near $1.00, with critical support at $0.94-$0.96.
