These past couple of days, CRV has finally shown some movement.

It rose nearly 25% within 24 hours, reaching a high of $0.2575, while still fluctuating around $0.2018 at the low.
Honestly, this kind of surge looks fierce, but I don’t think it’s the whales pushing the market.
To put it simply, this is a typical oversold rebound.
It fell so hard that selling pressure couldn’t keep up, and as soon as some buy orders came in, the price naturally bounced up.
This isn’t active attack; it’s space created by the drop.
Look at the technical indicators, RSI has already surged into the overbought zone, indicating that this rebound is mostly driven by sentiment and short covering, not genuine optimism for higher prices.
From the chart, the 7-day moving average is still at 0.2048, the 25-day is at 0.2158, and the current price is 0.2568, which is quite far off.
MACD just recently had a bullish crossover, with DIF and DEA in negative territory narrowing, so there might still be some inertia in the short term, but chasing at this level isn’t cost-effective.
On the news front, Curve launched Llamalend v2 on Optimism, and says it will be deployed on the Ethereum mainnet later.
Product expansion is real, but normally, such news wouldn’t necessarily excite the market.
Bringing it up now is more about giving a reason for the rebound.
Additionally, MGBX will launch a perpetual contract on CRV with 75x leverage, which will likely improve liquidity, but its direct impact on spot prices is limited.
My view is simple: this coin will eventually rise too.
It fell so badly earlier that other DeFi tokens have already rebounded, but it’s still stuck in the pit.
Now someone finally wants to pick up some cheap tokens, but don’t get it wrong—this isn’t a reversal, just a structure of an oversold rebound.
If you want to participate, just watch the support and resistance levels.
Don’t get too excited in the short term; if it can’t fall further, it will bounce, and after that, whatever happens, happens.
$CRV ‌#US May CPI hits three-year high