Market Overview for Curve DAO Token/Tether (CRVUSDT) – 24-Hour Summary

• Curve DAO Token/Tether (CRVUSDT) posted a 0.7963 close with a 24-hour high of 0.8291 and a low of 0.7742.
• Price formed key support near 0.7742 and tested resistance levels at 0.8151 and 0.8284 multiple times.
• Increased volatility and volume were observed during midday ET with a pullback into the session’s close.
• RSI showed overbought conditions early on, while later readings indicated oversold territory.
• Total 24-hour volume reached ~10.6 million units, with turnover exceeding $8.5 million.

Opening and Range Context

Curve DAO Token/Tether (CRVUSDT) opened at 0.7959 on 2025-09-18 at 12:00 ET, surged to a high of 0.8291, dipped to a low of 0.7742, and closed at 0.7742 as of 12:00 ET on 2025-09-19. Total 24-hour volume amounted to approximately 10.6 million units, with a notional turnover of over $8.5 million. The pair experienced a pronounced bearish reversal in the latter half of the session, with a 6.3% drop observed in the final 15 minutes.

Structure & Formations

The chart shows a series of bearish engulfing patterns following a bullish breakout above 0.8134. Key support levels at 0.7785, 0.782, and 0.7742 were tested with increasing conviction. A doji formed near 0.8007, signaling indecision during the mid-session consolidation. Resistance at 0.8151 and 0.8217 was breached multiple times but failed to hold, suggesting a shift in short-term sentiment.

Technical Indicators

The 20-period and 50-period moving averages on the 15-minute chart crossed into bearish territory, with price closing below both. On the daily chart, the 50-day MA is above the 200-day MA, suggesting a longer-term bullish bias. RSI briefly entered overbought territory at 70+ near 0.8281, then dropped to oversold levels near 0.7785. MACD crossed into negative territory, with bearish divergence developing in the final hour. Bollinger Bands showed a significant expansion as the pair moved from 0.8291 to 0.7742, indicating high volatility.

Volume & Turnover Insights

Volume spiked to over 1.4 million units during the session low, confirming the bearish move. Notional turnover also surged, with the final 15-minute bar showing a sharp drop in both metrics as the pair settled near 0.7742. Price and turnover aligned during the key selloff, suggesting legitimate selling pressure rather than manipulation or noise.

Fibonacci Retracements

Fibonacci levels on the 15-minute chart identified key retracements at 0.782 (38.2%) and 0.7785 (61.8%) during the downward correction. The daily chart’s 61.8% retracement level near 0.782 also served as a key support zone, where the price paused before continuing its decline.

Backtest Hypothesis

A potential backtesting strategy could involve shorting CRVUSDT when price breaks below a key Fibonacci retracement level (e.g., 61.8%) and RSI enters oversold territory, with a stop-loss placed just above the 38.2% level. Given the recent volatility and volume confirmation, this setup could be effective in capturing short-term bearish moves. The use of 50-period moving averages and Bollinger Band breakouts could also enhance the strategy by filtering out false signals. While this approach may not capture all moves, it aligns with the observed bearish momentum and could serve as a baseline for further optimization.