Curve DAO (CRV) rallies 35% but short-term gains may end soon amid bearish long-term trend.

Curve DAO (CRV) has surged 35.11% since June 6, driven by strong trading volume and a short-term bullish momentum. Despite this rally, CRV remains in a longer-term downtrend, with bearish signals suggesting the uptrend may soon reverse. Technical indicators show CRV could test resistance levels around $0.246 and $0.266, with a possible short squeeze pushing prices up to $0.295. However, investors should be cautious as the overall trend remains bearish beyond the short-term bounce.