CoreWeave Tumbles 3.11% as Three-Day Losing Streak Erases 9.91—Technical Indicators Signal Deepening Bearish Momentum

CoreWeave (CRWV) has experienced a 3.11% decline in the most recent session, marking a three-day losing streak with a cumulative drop of 9.91%. This sharp correction warrants a multi-indicator analysis to assess structural bearishness, potential reversals, and confluence points across technical frameworks.
Candlestick Theory
The recent price action reveals a bearish bias, with consecutive lower highs and lower lows forming a descending channel. Key support levels appear at the 75.73–76.42 range (recent 3-day lows), while resistance clusters near 78.55–80.26 (December 23–24 peaks).

. A bearish engulfing pattern is evident as the most recent candle (76.42 close) is fully contained within the prior session’s body. Additionally, the absence of bullish reversal patterns like hammers or bullish engulfers suggests weak near-term buying pressure.
Moving Average Theory
Short-term momentum remains bearish, with the 50-day MA (approximately 85.00) significantly above the current price of 76.42. The 100-day MA (~88.00) and 200-day MA (~115.00) further reinforce the downtrend. Price is trading below all three averages, indicating a bearish alignment. A critical watchpoint is the 50-day MA; a break below 75.00 could trigger deeper bearish momentum as the 200-day MA acts as a psychological floor.
MACD & KDJ Indicators
The MACD histogram has turned negative, with the MACD line (−12.3) crossing below the signal line (−8.7), confirming bearish momentum. The KDJ Stochastic oscillator shows %K at 18.2 and %D at 24.5, suggesting the stock is in oversold territory. However, divergence exists between the KDJ and price action: while %K is rising slightly, prices continue to fall, hinting at potential exhaustion in the downtrend.
Bollinger Bands
Volatility has expanded recently, with the 20-period Bollinger Bands widening from a 12.5% contraction in early December to a 15% expansion currently. The price is currently near the lower band (75.73), suggesting short-term oversold conditions. A break above the middle band (80.00) could signal a reversal, but the broader bearish trend may limit such a move to a temporary bounce.
Volume-Price Relationship
Trading volume has surged during the recent decline, with the most recent session’s 13.9 million shares traded representing a 12% increase from the prior day. This validates the bearish momentum, as higher volume during declines suggests strong seller conviction. However, a divergence may emerge if volume tapers off while prices continue lower, signaling waning bearish pressure.
Relative Strength Index (RSI)
The 14-period RSI stands at 28.5, entering oversold territory. While this typically suggests a potential rebound, historical data shows RSI has lingered below 30 for extended periods during prior bearish phases (e.g., mid-November 2025). A meaningful reversal would require a sustained close above 30, ideally with volume confirmation.
Fibonacci Retracement
Applying Fibonacci levels from the December 19 high (84.29) to the December 26 low (75.73) identifies critical retracement levels: 38.2% at 80.50 and 50% at 79.66. These levels may act as dynamic resistance. A break below the 61.8% retracement (77.30) could target the next support at 75.00–76.00.
Confluence between bearish momentum indicators (MACD, moving averages) and Fibonacci support levels suggests the downtrend may persist in the near term. However, divergences in KDJ and RSI imply a potential short-term bounce, particularly if volume wanes. Traders should monitor the 75.00–76.00 zone for a possible reversal or continuation.