CoreWeave Slides 3.33% Amid Technical Bearish Signals As Key 155 Support Hangs In Balance

CoreWeave (CRWV) declined by 3.33% in the most recent session, closing at 159.7 amidst heightened volatility. This technical analysis examines key patterns across multiple indicators using approximately three months of trading data (March 28, 2025, to July 7, 2025), acknowledging inherent limitations in calculating longer-term moving averages given the dataset scope.
Candlestick Theory
Recent sessions show indecision near the 155-165 zone. The July 3rd bullish engulfing pattern (153.55–166.22) was negated by the subsequent three red candles, including the latest -3.33% decline, establishing 155 as critical support. Resistance is evident near 166-167, coinciding with the June 27th and July 3rd highs. A breakdown below 155 could signal bearish momentum, while sustained closes above 167 would indicate bullish resurgence.
Moving Average Theory
The 20-day MA (≈152) recently crossed below the 50-day MA (≈158), suggesting deteriorating medium-term momentum. Price currently trades between these averages, reflecting consolidation. The inability to reclaim the 50-day MA during July's rally attempts reinforces resistance at this level. A sustained break below the 20-day MA would accelerate bearish sentiment.
MACD & KDJ Indicators
MACD lines remain below the zero line with a narrowing histogram, indicating persistent bearish momentum albeit with decelerating pressure. KDJ shows the %K line (36) and %D line (41) in neutral territory but trending downward from overbought conditions observed in early June. Neither indicator signals a decisive reversal, though MACD’s convergence with price near support warrants monitoring.
Bollinger Bands
Bands contracted sharply throughout June, culminating in the July 3rd breakout above the upper band (volatility expansion). However, price quickly reverted within the bands, with the latest close near the middle band (≈158). This false breakout and retest imply unresolved directionality. Bandwidth narrowing since early July suggests impending volatility expansion – likely decisive near 155 support or 165 resistance.
Volume-Price Relationship
The June 20th rally to 183.58 featured high volume (31.3M shares), validating bullish momentum. Conversely, the recent decline below 160 occurred on elevated volume (12.6M shares versus the 10-day average of 11.2M), confirming selling pressure. Volume divergence occurred on July 3rd: the 8.85% surge registered lower volume than the preceding down day, undermining breakout credibility.
Relative Strength Index (RSI)
The 14-day RSI (46) resides neutrally but trends downward from its June high (76). While not oversold, the current trajectory aligns with weakening momentum. Earlier divergences are noted: the June 4th price high (166.63) coincided with lower RSI (68) than the prior peak (75 on June 20th), foreshadowing the subsequent 30% correction. Current levels lack extreme readings but align with bearish near-term bias.
Fibonacci Retracement
Applying Fib levels to the April–June uptrend (37.08 low to 187 high): The 38.2% retracement (135) held as support in early June, triggering a rebound. Current price hovers near the 50% level (158), which now acts as pivotal support. The 61.8% retracement (145) aligns with the June 16th reaction low. Confluence exists at the 158–160 zone (50% Fib + recent closing prices), making this a critical technical pivot.
Confluence & Divergence Summary
Confluence of bearish signals appears near 166-167 (resistance from candlesticks, 50-day MA, and Bollinger upper band). Similarly, 155 support integrates Fib 50%, volume confirmation, and Bollinger lower band alignment. Notable bearish divergence occurred in mid-June when KDJ registered lower highs against price peaks. MACD and RSI presently show no divergence but signal weakening momentum. Volume and volatility patterns suggest an impending directional resolution, with a decisive break below 155 likely extending declines toward Fib 61.8% support (145), while reclaiming 167 could reactivate bullish potential.