Market Overview for Curve DAO Token/Tether (CRVUSDT): 2025-09-18

• CRVUSDT surged to a 24-hour high of $0.8118 before retracing to close near $0.8058 at 12:00 ET.
• Momentum appears to be shifting upward after a key break above prior resistance near $0.79–$0.80.
• Volatility increased sharply after 18:00 ET, with Bollinger Bands expanding, signaling active price discovery.
• Notional turnover surged to over $5.2 million as price approached $0.81, confirming bullish strength.
• A bullish engulfing pattern formed between $0.796 and $0.805, suggesting continued upward momentum.

CRVUSDT opened at $0.7288 on 2025-09-17 at 12:00 ET and closed at $0.8058 at 12:00 ET on 2025-09-18, touching a high of $0.8118 and a low of $0.7244. Total volume over the 24-hour period was 52,126,425.4 with a notional turnover of approximately $41.9 million, indicating strong participation.

Structure & Formations

The 15-minute chart reveals a strong bullish trend after 18:00 ET, with key resistance at $0.80–$0.81 being decisively broken. The price action from $0.796 to $0.805 formed a bullish engulfing pattern, suggesting a continuation of the upward move. A cluster of support appears forming at $0.775–$0.780, where the price consolidated several times before breaking higher. A doji at $0.7961 during the 11:45–12:00 ET period suggests indecision but was quickly resolved to the upside.

Moving Averages

On the 15-minute chart, the 20-period MA is rising steeply, closely tracking the price, with the 50-period MA also showing strong upward momentum. Both lines are positioned under price, reinforcing the bullish bias. On the daily timeframe, a crossover of the 50-period and 100-period MAs is imminent, with the 200-period MA providing a medium-term floor at $0.7500. The price is currently well above all three moving averages, indicating a strong short-term uptrend.

MACD & RSI

The MACD line on the 15-minute chart is above zero and rising sharply, indicating strong bullish momentum. The histogram is expanding, confirming increasing buying pressure. RSI reached 64 at 12:00 ET, showing no overbought condition yet but reflecting a strong rally. The RSI crossed above 50 several hours earlier, confirming a shift into bullish territory. A divergence between RSI and price was noted at the $0.78 level but was quickly resolved as the move resumed.

Bollinger Bands

Bollinger Bands expanded significantly after 18:00 ET, indicating rising volatility. Price moved above the upper band briefly near $0.8118, suggesting a strong breakout. The middle band is currently at $0.792, which may offer dynamic support if the price corrects. The lower band sits at $0.778, a level where the price consolidated earlier in the session, potentially offering temporary support on pullbacks.

Volume & Turnover

Volume surged to over 5.2 million at the time of the $0.8118 high, confirming the strength of the breakout. Notional turnover spiked to over $41.9 million during the 12:00–12:15 ET window, aligning with the final leg of the move. Volume and turnover were consistently higher during bullish phases compared to bearish consolidation, suggesting strong conviction among buyers. A divergence was noted between price and turnover in the 0.78–0.79 range, but it was quickly resolved with a sharp upward move.

Fibonacci Retracements

On the 15-minute timeframe, the $0.796–$0.805 rally corresponds to a 61.8% retracement of the earlier $0.7244–$0.7440 range, suggesting a likely continuation of the bullish trend. On the daily chart, the $0.7244–$0.8118 move aligns with the 78.6% level of the broader 0.7500–0.8118 swing, indicating a possible target near $0.8180 if the rally continues.

Backtest Hypothesis

A backtesting strategy that combines a golden cross of the 20- and 50-period MAs with a bullish engulfing pattern and RSI above 50 could be effective for capturing the upside in CRVUSDT. The strategy would enter long on confirmation of the pattern, with a stop just below the recent consolidation level at $0.775 and a target at the next Fibonacci extension or key resistance. Given the current price structure and indicator alignment, this setup appears to have strong short-term potential.