Curve DAO Token/Tether Market Overview

• Price surged above 0.6900, breaking key resistance with strong volume
• RSI crossed into overbought territory, signaling potential consolidation
• Bollinger Bands show increased width, indicating heightened volatility
• Volume spiked during the final 6 hours, supporting bullish momentum
• No major reversal patterns observed, but trend appears to pause near 0.71

Curve DAO Token/Tether (CRVUSDT) opened at 0.6803 on 2025-09-23 at 12:00 ET, reached a high of 0.7173, a low of 0.6616, and closed at 0.7059 by 12:00 ET the following day. Total trading volume over 24 hours was 13,490,555.2 units, with a notional turnover of approximately $9.54 million, indicating strong liquidity and market participation.

The price action revealed a strong bullish bias, especially in the afternoon and early evening hours, where CRVUSDT surged beyond 0.7000 and tested 0.7100 before consolidating. The 20-period and 50-period moving averages on the 15-minute chart were both bullish, with the price consistently above both, reinforcing the upward trend. On the daily chart, the 50-period MA stood at 0.6870, and the 200-period MA at 0.6760—both well below the current price—suggesting the pair remains in a long-term uptrend.

RSI on the 15-minute chart hit overbought levels above 65 during the midday rally and has since pulled back, indicating a potential short-term pause. However, MACD remains above zero with a positive histogram, suggesting bullish momentum is still intact. Notably, Bollinger Bands expanded during the price breakout, confirming rising volatility, with prices now trading closer to the upper band.

Volume analysis showed a marked increase in the last six hours of the reporting period, particularly around the 0.7000–0.7100 zone, confirming buyer interest. No significant volume divergences were observed between price and turnover, supporting the view of a healthy upward move. Fibonacci retracement levels from the key swing high of 0.7173 and low of 0.6616 highlighted 0.6923 (38.2%) and 0.6866 (50%) as critical support levels for the immediate future.

The 15-minute MACD and RSI indicators, when combined with the Bollinger Bands and Fibonacci levels, form the foundation for the following backtesting hypothesis: A potential long entry strategy could be considered on a bullish breakout above 0.7100, with a stop-loss placed just below 0.6923 and a target near 0.7300, aligning with both Fibonacci extensions and the upper Bollinger Band. This setup would aim to capitalize on the current bullish momentum while managing downside risk.