CRV holds bullish structure with series of higher lows

The price of Curve DAO Token (CRV) is for now maintaining an upward structure. Analyst AltCryptoGems points to a series of higher lows and higher highs that has formed in recent weeks. At the same time, he notes that there is still liquidity to be captured above the current price, which could help determine the direction of the next move.

CRV is available at OKX and Bybit.

In brief:

• CRV shows a series of higher lows and higher highs on the daily chart.
• Analyst AltCryptoGems sees liquidity still above the current price.
• The question is whether the upward structure will hold or crumble.

Upward structure visible on daily chart

On the daily CRV/USDT chart, one can see how the price moved higher after a long bottoming phase around $0.20 in August. Since then, the price has formed a pattern of successive higher lows and higher highs, which analysts generally regard as a sign of a healthy uptrend.

At the time of the analysis, CRV is trading around $0.35. According to the chart, above that level there are still earlier peaks that could act as resistance, including the area around $0.40 and further up towards $0.46.

Liquidity above the price as the next test

AltCryptoGems states that there is still liquidity above the current price. In technical analysis, this refers to clusters of sell orders or stop-losses that the price may seek out before the next move gets underway.

Whether the upward structure persists depends, according to the analyst, on whether the market manages to reach and break that level. For now, the rising sequence of lows is holding, but a pullback below recent support levels could disrupt the positive build-up.