CoreWeave Plunges 15.5% to $99.51 Amid Accelerated Selloff With 33% Two-Day Drop

CoreWeave (CRWV) experienced a sharp 15.50% decline to $99.51 on August 14, 2025, marking two consecutive down days with a cumulative 33.11% drop. This accelerated selloff occurred on elevated volume of 47.7 million shares, reflecting intense bearish momentum as the stock erased gains from its recent August 12 peak near $148.75.
Candlestick Theory
The recent price action formed two consecutive long-bodied bearish candles, confirming a breakdown below the psychological $110 support level. The piercing pattern observed on August 13-14 (where the second candle closed near the low after opening higher) signals unresolved selling pressure. The current support zone near $98.81-$99.50 remains critical, while resistance now converges around $117.60-$117.76, the recent breakdown level. Failure to hold these lows could target the swing low near $90 established in late May.
Moving Average Theory
The 50-day moving average (MA) crossed bearishly below the 100-day MA in late July, forming a confirmed death cross that preceded the recent collapse. Current price ($99.51) trades significantly below the 50-day MA (~$130) and 100-day MA (~$140), confirming a strong downtrend. The 200-day MA near $115 now acts as dynamic resistance. All three moving averages are trending downward, showing alignment with the bearish structure.
MACD & KDJ Indicators
MACD maintains a bearish stance with the MACD line (-9.5) accelerating below the signal line while deep in negative territory. Both the KDJ oscillator (K: 12, D: 15) and stochastic readings below 20 indicate oversold conditions, though divergence remains absent. While traditional oversold signals exist, their significance is muted during high-momentum declines, requiring confirmation from other indicators for reversal signals.
Bollinger Bands
The bands are expanding aggressively, with prices breaking below the lower band on August 14 – a volatility signal implying continuation pressure. The 20-day band width increased by 25% during the selloff, confirming heightened bearish momentum. Repeated closes beneath the lower band historically preceded short-term bounces (evident in June and July), yet high-volume breakdowns reduce the reliability of this pattern for immediate recovery.
Volume-Price Relationship
Distribution patterns stand out as down days consistently show higher volume than rallies. The two recent selloff days averaged 42 million shares versus the 20-day average of 24 million, confirming capitulation. Down/up volume ratios exceeding 3:1 since early August validate bearish momentum. Any recovery attempt would require volume expansion above 35 million shares to signal accumulation.
Relative Strength Index (RSI)
The 14-day RSI sits at 28 – technically oversold but not divergent from price lows. Historically, RSI levels below 30 between June and August preceded only transient rallies (lasting 2-4 sessions) before further declines. Given current momentum, this oversold reading should be interpreted as a warning rather than reversal signal without broader technical confirmation.
Fibonacci Retracement
Applying Fib levels to the April 21 low of $35.42 and June 20 high of $187 reveals critical thresholds. The current price at $99.51 sits near the 50% retracement zone ($111.21). Sustained trading below this level targets the 61.8% retracement at $92.33. Confluence exists with the late-May support cluster of $90-$94, aligning volume-based liquidity with Fibonacci theory to create a potential reversal zone around $92.
Confluence and Divergence Observations
Strong confluence appears in the $90-$92 area where the 61.8% Fibonacci level, prior swing lows, and Bollinger Band extension signals align. Divergence emerges between momentum oscillators (KDJ/RSI signalling oversold extremes) and continued price deterioration – typical during capitulation phases. The MACD and moving averages show no divergence, maintaining bearish unanimity. Volume dynamics suggest sustained pressure, implying the oversold readings may persist before stabilization occurs.
In summary, CoreWeave displays characteristics of a high-velocity downtrend, with technical indicators uniformly bearish but nearing multi-level support near $90-$92. While oversold readings suggest potential for tactical bounces, volume and MA positioning favor continuation patterns. Traders should monitor whether the $98.81 intraday low holds for short-term stabilization before testing the Fibonacci confluence zone.