Market Overview for Curve DAO Token/Tether (CRVUSDT)

• CRVUSDT traded in a broad range of $0.725–$0.7755 over the last 24 hours, closing at $0.7739.
• Price saw a strong bullish breakout near $0.7635–$0.7739, supported by a volume surge exceeding 700k.
• RSI and MACD showed increasing bullish momentum, hinting at potential overbought territory in the short term.
• Volatility expanded significantly in the last 4 hours, with Bollinger Bands widening and price trading above the upper band.
• Fibonacci levels indicate strong resistance near 0.7739 and potential support near 0.7585.

CRVUSDT opened at $0.725 on October 2, 2025, at 12:00 ET, and closed at $0.7739 the following day at the same time. The pair reached a high of $0.7755 and a low of $0.725 during the 24-hour window. Total trading volume reached 12,658,735.5 units, with a notional turnover of approximately $9,356,000. Price action shows a sharp upward reversal in the last 6 hours, indicating strong bullish engagement.

Structure & Formations

The 15-minute chart reveals several key patterns. A strong bullish engulfing pattern formed around 06:00 ET, where price moved from $0.748 to $0.7546 on a large volume spike. A similar bullish setup was repeated at 09:15 ET, with CRVUSDT rising from $0.7602 to $0.7615. Notable support levels appear at $0.748 and $0.7365, while resistance levels formed at $0.7561, $0.7601, and finally the 24-hour high at $0.7755. A large Doji at 00:00 ET on October 3 suggests indecision before the sharp upward move.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed to the upside around 03:00 ET, confirming a short-term bullish bias. The 50-period MA is currently at $0.7635, while the 20-period MA is at $0.7684. On the daily chart, the 50-period, 100-period, and 200-period MAs are all in a bullish alignment, with the 50-period MA at $0.7612, indicating strong medium-term support for a continuation of the upward trend.

MACD & RSI

The MACD turned positive around 04:00 ET, with a strong bullish crossover and rising histogram. It currently sits at 0.0035 with the signal line at 0.0021, suggesting continued upside momentum. The RSI climbed from 50 to 70 over the last 4 hours, indicating overbought conditions. While this may not signal an immediate reversal, it does imply caution for near-term overextensions.

Bollinger Bands

Volatility spiked in the last 6 hours, with Bollinger Bands widening significantly. CRVUSDT closed at $0.7739, near the upper band, which is a sign of a strong bullish breakout. The midline is at $0.765, while the lower band is at $0.757. The current positioning suggests that traders may look for a pullback to the midline or a test of the lower band as potential entry points.

Volume & Turnover

Volume spiked sharply around 09:00–10:00 ET, reaching over 700,000 units as price moved from $0.7561 to $0.7576. This suggests strong buying pressure and institutional or algorithmic participation. Turnover spiked in sync with these volume waves, particularly at the 15:30–16:00 ET range, when the pair surged to the 24-hour high of $0.7755. There is no significant divergence between volume and price, indicating that the move remains supported.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute move from $0.7326 to $0.7755, the 23.6% and 38.2% levels were tested but failed to hold. The 61.8% level at $0.7585 appears to be a key support zone. On the daily chart, the 23.6% and 38.2% retracement levels from the recent consolidation range are aligned with the 15-minute levels, suggesting strong confluence for a potential pullback or test of prior resistance.

Backtest Hypothesis

A potential backtesting strategy would involve entering long at the close of a bullish engulfing pattern on the 15-minute chart, with a stop-loss placed below the previous swing low. A take-profit target could be set at the 61.8% Fibonacci level or the nearest resistance on the daily chart. The MACD and RSI indicators could be used to confirm momentum and exit signals when overbought conditions are observed. This approach would need to be tested across multiple bullish patterns to determine consistency and risk-reward balance.