$CRV IS BREAKING OUT OF A 4-YEAR BEARISH STRUCTURE | $6 NEXT?
$CRV has completed ~97% of its entire macro drawdown and has now produced a strong reaction from the $0.19–$0.22 HTF demand/accumulation zone.
The recent ~80% rebound from the local bottom confirms aggressive demand at these levels.
From a pure market-structure perspective, the key level is $0.4584.
A sustained 2W breakout and close above this resistance would invalidate much of the prevailing bearish structure and open the path toward:
Targets: $0.95 → $2.71 → $6
However, this remains a confirmation-based setup. A retracement into $0.19–$0.22 would offer a higher-R:R zone, while a decisive HTF close below $0.17 invalidates the bullish thesis.
Until then, $CRV is attempting to transition from macro accumulation → trend reversal → expansion.
September 1, 2026 4.9K 7
