Market Overview for Curve DAO Token/Tether (CRVUSDT) - 2025-09-25

• Curve DAO Token/Tether (CRVUSDT) opened at $0.7127 and fell to a low of $0.6523 before closing at $0.6767.
• The pair recorded 24-hour volume of 13.1 million CRV and turnover of $8.89 million, highlighting strong participation.
• A bearish breakdown below key support at $0.7037 signaled increased pressure toward $0.6668 and $0.6522.
• RSI dipped into oversold territory near 28, suggesting potential for a short-term bounce.
• A sharp post-12 ET recovery lifted price 7% into Fibonacci 38.2% resistance at $0.6764.

Price Movement and Volume Profile

Curve DAO Token/Tether (CRVUSDT) opened at $0.7127 on 2025-09-24 at 16:00 ET and dropped to a 24-hour low of $0.6523 before closing at $0.6767 at 12:00 ET on 2025-09-25. Total 24-hour trading volume was 13.1 million CRV, with a notional turnover of approximately $8.89 million. The move from peak to trough indicates a bearish sentiment, supported by a sequence of bearish engulfing and dark cloud cover patterns in the early to mid-session.

Support and Resistance Structure

Key support levels were tested at $0.7037, $0.6892, $0.6764, and a critical psychological level at $0.6668. Resistance appears at $0.6940, $0.6999, and $0.7054. A doji formed around $0.7054 in the afternoon, indicating indecision. The breakdown below $0.7037 led to a rapid move toward $0.6668, with Fibonacci retracement levels showing a potential bounce from the 38.2% level at $0.6764 and a 61.8% level at $0.6636.

Volatility and Indicators

Bollinger Bands expanded significantly in the early hours, reflecting heightened volatility, with prices moving from outside the upper band to below the lower band by late evening. RSI dipped below 30 in the early hours, signaling oversold conditions, while the MACD showed a bearish crossover in the afternoon and a weaker bullish divergence in the final hours. This suggests that momentum is shifting back toward the upside, potentially offering entry opportunities.

Backtest Hypothesis

A potential backtesting strategy involves entering long positions when price crosses above the 20-period EMA with confirmation by RSI above 40 and closing above the 38.2% Fibonacci retracement level. This approach would have captured the late-session recovery from $0.6668 to $0.6767. A short entry would trigger on a break below the 61.8% level, with a stop above the 38.2% level. A 24-hour trailing stop loss at 2% could help protect gains during the volatile session.