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Curve (CRV) rebounded strongly, and whales were buying like crazy!

Curve Finance's CRV token has been through a lot recently.

After the CEO loan position was liquidated, the price of CRV plummeted by 30%, once falling to a historical low of $0.2. Fortunately, Curve Finance responded quickly and stabilized the price. CRV once regained the $0.3 mark over the weekend.

However, the good times did not last long. At the beginning of this week, CRV fell below this support level again, hovering between $0.27 and $0.29. But on Tuesday afternoon, CRV began to exert its strength, rising for nine consecutive hours. So far, it has rebounded more than 40% from its lows, reaching a high of $0.355, and is currently trading at about $0.33.

During this period, whales were not idle. They took the opportunity to buy and accumulated more than 50 million CRV tokens, worth nearly $19.4 million. Five of the whales were first-time accumulators, which seemed to be full of confidence in CRV's recovery.

Analysts are also confident about the future of CRV. Trader Follis believes that CRV will rebound strongly and may even double from its recent lows. CrediBull found a bullish 5-wave pattern in CRV's price trend and set a recent target price of $2. Trader Sanchez also believes that this decline is just part of a broader bullish trend.

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