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CoreWeave (CRWV) is currently positioned within a multi-month descending channel, originating from its all-time high of $187.00. Within this broader bearish trend, a tighter pennant formation has developed over approximately two months, marked by reactive price movements at various support and resistance levels. The stock recently demonstrated a bounce from the $63.80 - $64.00 support area, indicating a potential shift in momentum. Current price action around $79.29 suggests buyers are attempting to establish control, pushing towards the upper boundary of the pennant. A successful breakout above the trendline and the $80.02 resistance level is anticipated to propel CRWV upwards. The projected target price is $97.52, aiming to fill a previous gap and potentially reach the psychological $100.00 mark. The analysis identifies $64.00 as a critical invalidation point; a sustained move below this level would negate the bullish outlook. The broader market context, observed through SPY, currently exhibits a constructive higher-low trend, which could provide supportive tailwinds for CRWV's upward movement. The expectation is for an imminent test of resistance within the coming weeks, followed by a potential structure breakout.