$CRV is up 7.1% in 24h and the bounce has a reason behind it. It isn't just a chart twitch.
Curve's own weekly yield post claims USG is paying 9.1% and says stablecoins still earn well there. That's the project talking about itself, so I'm treating it as a claim and not as proof. But a yield people can actually collect is what pulls liquidity back to a DEX, and liquidity is what $CRV is built on.
A month ago it already had a 20% daily jump. Now it's pushing higher again. Two legs up with the product still paying says to me this isn't a one-day squeeze.
Right now $CRV trades at $0.3497, with the 24h high at $0.3665 and the low at $0.3108. If it holds $0.3108, I think it comes back for $0.3665 and tests it. If it loses $0.3108, I'm wrong on this and there's nothing to defend. If you're already in, that level is where you cut.
holding $0.3108 or losing it?
follow me for more calls like this.
Curve's own weekly yield post claims USG is paying 9.1% and says stablecoins still earn well there. That's the project talking about itself, so I'm treating it as a claim and not as proof. But a yield people can actually collect is what pulls liquidity back to a DEX, and liquidity is what $CRV is built on.
A month ago it already had a 20% daily jump. Now it's pushing higher again. Two legs up with the product still paying says to me this isn't a one-day squeeze.
Right now $CRV trades at $0.3497, with the 24h high at $0.3665 and the low at $0.3108. If it holds $0.3108, I think it comes back for $0.3665 and tests it. If it loses $0.3108, I'm wrong on this and there's nothing to defend. If you're already in, that level is where you cut.
holding $0.3108 or losing it?
follow me for more calls like this.