Did Trump Just Help CRV Go Up? Analyzing the Recent Sentiment

In the wake of President Donald Trump’s signing of the DeFi Protection Bill on April 10, 2025, the Curve DAO (CRV) token has experienced a sharp rally. 

The 19% surge in just 24 hours has ignited conversations within the crypto community, particularly as the token edges closer to the $2 mark. 

Could Trump’s legislative move be the catalyst for a much larger bullish trend in CRV? In this article, we delve into the factors behind the surge, market sentiment, and whether this is just the beginning of a bullish run for CRV.

Read More: How to Buy Curve (CRV)

Key Takeaways:

• Trump's DeFi bill has provided regulatory clarity, leading to positive market sentiment for CRV.
  Whale accumulation is fueling the ongoing rally, with a price target of $1.83 in sight.
• A minor cooldown could precede further upward movement, supported by strong levels of demand.

The Impact of Trump’s DeFi Protection Bill on CRV

President Trump’s signing of the DeFi Protection Bill has sent waves through the crypto world, especially for DeFi-related assets like CRV. 

The bill prevents the IRS’s Digital Assets Sale and Exchanges Rule from being enacted, a move that has been praised for protecting DeFi from overbearing regulations. As a result, many DeFi tokens, including CRV, reacted positively, with the token seeing a 19% rise in just 24 hours.

The market sentiment surrounding CRV has been largely optimistic, thanks to the enhanced regulatory environment for DeFi assets. This development signals to investors that the DeFi ecosystem is likely to thrive without excessive government interference, which in turn benefits tokens like CRV.

Whale Activity and Accumulation of CRV

Source: IntoTheBlock/AMBCrypto

Following Trump’s DeFi order, whales have been quick to accumulate CRV, signaling a long-term investment trend. 

Over the past 24 hours, approximately 1.15 million CRV tokens, worth around $667,000, were moved into private wallets, suggesting that major players are positioning themselves for the potential growth of CRV. 

This large-scale accumulation is a strong indicator of confidence in CRV's future prospects.

Additionally, the IOMAP (In/Out of the Money Around Price) indicator shows minimal resistance up to the $1.83 level, further supporting the bullish outlook for CRV. If buying pressure remains strong, CRV could easily break through this resistance and continue its upward trajectory.

Is a Price Pullback Imminent for CRV?

Source: AMBCrypto/TradingView

Despite the overall bullish sentiment surrounding CRV, a minor price pullback could be on the horizon. The token is currently encountering resistance at the $0.61 mark, which has previously caused a drop in price. 

However, this potential dip is expected to be short-lived, as several strong support levels at $0.549, $0.509, and $0.478 could act as cushions, preventing a significant decline.

The derivatives market also suggests increasing short activity, as evidenced by the OI-weighted funding rate flipping negative. 

While this could create some downward pressure, the overwhelming sentiment remains bullish, and any pullback is likely to be a temporary correction before a sustained rally.

The Road Ahead for CRV

Given the bullish sentiment, whale activity, and minimal resistance, CRV is poised for further gains in the near future. While a brief dip may occur, the long-term outlook for CRV remains strong, with the potential to reach $1.83 and beyond if buying pressure continues. 

The regulatory clarity provided by Trump’s DeFi bill could also attract more institutional interest, further fueling the growth of CRV.

If CRV can break through its current resistance, the next target could be $2, marking a significant milestone for the token. The combination of favorable regulations and strong market sentiment suggests that CRV could be entering a new phase of growth.

FAQs

1. How did Trump’s DeFi order affect CRV's price? Trump’s DeFi order granted regulatory protection to DeFi assets, which led to a surge in CRV’s price as investors reacted positively to the news.

2. What is the current price target for CRV? The price target for CRV in the short term is around $1.83, with minimal resistance ahead. If bullish sentiment persists, it could reach higher levels, potentially nearing $2.

3. Will CRV continue to rise, or is a price pullback expected? While a minor price pullback is possible due to resistance at $0.61, the overall bullish sentiment and strong support levels suggest that CRV is likely to continue its upward trend in the coming weeks.