Market Overview for Curve DAO Token/Tether (CRVUSDT)

• CRVUSDT traded in a narrow range today with a 0.56–0.58 cluster acting as key support and resistance.
• Momentum shifted lower midday with RSI approaching oversold levels near 30.
• Volume dropped in the afternoon, signaling diminished conviction in price movements.
• Bollinger Bands showed low volatility, with prices hovering near the lower band.
• A bearish engulfing pattern emerged at 02:30 ET, suggesting possible short-term bearish bias.

Curve DAO Token/Tether (CRVUSDT) opened at 0.5641 on 2025-10-27 at 12:00 ET and closed at 0.5573 on 2025-10-28 at 12:00 ET. The 24-hour high was 0.5796 and the low was 0.5453. Total traded volume amounted to approximately 38,014,769.98 USD (notional turnover) across 39,101,075.05 USDT volume. Price action revealed a bearish drift with no decisive breakouts forming.

On the 15-minute chart, the 20-period and 50-period moving averages remained in a bearish crossover trend, with the 20SMA dipping beneath the 50SMA during the afternoon hours. The 50-period EMA crossed below key support levels, reinforcing bearish momentum. The 200-period SMA on the daily chart acted as a significant resistance, preventing any rally above 0.5630, suggesting that long-term bears retained control.

MACD remained in negative territory with a slow bearish divergence forming between price and momentum. RSI dropped below 30 after 02:30 ET, signaling oversold conditions and hinting at a potential bounce. However, the lack of follow-through buying kept RSI from recovering above 40, suggesting sellers remained dominant. Bollinger Bands showed a period of contraction in the morning before expanding in the late afternoon, indicating rising volatility as prices drifted lower.

Volume and turnover showed mixed behavior. While volume increased in the early morning and late afternoon, turnover failed to confirm these spikes, indicating weaker participation in price declines. A divergence between price and turnover was most evident after 05:00 ET, when price continued down despite a decline in turnover. This could signal waning bearish conviction and a possible near-term reversal. A bearish engulfing pattern formed at 02:30 ET and a hanging man candle followed, indicating indecision and a potential reversal setup.

Fibonacci retracement levels from the 0.5453 low to the 0.5796 high identified potential support at 0.5678 (38.2%) and 0.5594 (61.8%). Prices tested the 61.8% level during the early morning and bounced but failed to hold above it. On the 15-minute chart, a retracement from 0.5729 to 0.5453 showed a key 61.8% support at 0.5597, which may serve as a short-term floor.