The cryptocurrency markets are currently in a consolidation phase following a minor surge. Bitcoin’s price briefly crossed $88,000 before settling above $87,000 amidst increasing bearish activity. Ethereum remains above $2000, while meme coins like DOGE, PEPE, and FLOKI show strength. However, Movement (MOVE), Story (IP), and Hyperliquid (HYPE) prices are experiencing a significant pullback. Additionally, several altcoins are showing strong upward momentum, indicating a potential extended bullish trend.
Curve DAO Token (CRV) Price Analysis
- CRV price has broken above the parallel channel for the second time in 2025, accompanied by a significant increase in buying pressure.
- Volume is gradually rising, indicating a potential upward trend supported by bullish technical indicators.
- RSI has entered the overbought zone after reaching the upper threshold.
- The 50-day and 200-MA are on track for a bullish crossover (golden cross), suggesting a continued uptrend towards $0.7.
Maker (MKR) Price Analysis
- MKR’s daily chart reflects strong bullish momentum with significant bullish candle formations.
- Increasing volume suggests growing market interest in MKR.
- Ichimoku cloud is signaling a bullish crossover, potentially signaling a breakout from bearish conditions.
- Rising OBV indicates higher buyer activity, hinting at a price increase above $1800.
Other altcoins like XRP, AVAX, INJ, among others, are attempting to recover from recent losses. Meanwhile, PEPE, BONK, DOT, SUI, and others continue to exhibit a strong upward trend.
