CRVUSDT Market Overview: 24-Hour Price Action and Key Patterns

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Summary
• CRVUSDT opened at $0.6907 and closed at $0.6867, with a 24-hour low of $0.6735 and high of $0.6996.
• Price tested a key support at $0.685–0.686 twice during the 24-hour period with mixed results.
• Volume spiked during midday UTC, peaking at $11.17M at 15:15 ET, suggesting increased interest.
• RSI entered oversold territory late in the 24-hour window, hinting at a potential short-term bounce.
• Bollinger Band contraction was observed before a sharp price rebound from $0.683–0.691.

The Curve DAO Token/Tether (CRVUSDT) pair opened at $0.6907 on September 22, 2025, at 12:00 ET, and closed at $0.6867 the following day. Price reached a 24-hour high of $0.6996 and a low of $0.6735, with total volume amounting to approximately 12,513,008.2 units and notional turnover exceeding $8,574,000. The session saw a bearish bias during the first half, followed by a retest of key support levels and a partial rebound during Asian and European hours.

Structure and formations show a strong bearish bias early in the 24-hour window, with a key support forming at $0.685–0.686. This area was tested three times, with a failed break below at 19:15 UTC, followed by a retest and consolidation during the Asian session. A bullish engulfing pattern emerged at 00:45 ET on the 23rd, followed by a doji at 03:30 ET, indicating indecision and a potential turning point.

Price action moved back above its 15-minute 20- and 50-period SMAs during the early morning hours, while the 50-period SMA on the daily chart has been acting as a dynamic resistance. The MACD showed bearish divergence in the afternoon, but reversed into bullish territory by the end of the session. RSI, however, remained in oversold territory for most of the last 6 hours, suggesting a possible short-term rebound. Bollinger Bands showed a period of contraction during the 19–20 UTC hours, followed by a breakout to the upside.

Volume spiked during midday hours, particularly at 15:15 ET, with a notional turnover of $11.17M. This coincided with a price rejection at the $0.679–0.681 level. The volume and turnover profile suggests increased short-term activity and potential for a reversal. A key Fibonacci retracement level at $0.683–0.684 (38.2%) appeared to provide a floor during the final hours. Price could potentially test the $0.687–0.689 level in the next 24 hours, but bearish momentum remains a risk unless this level is decisively held.

Backtest Hypothesis
A potential strategy could be to long CRVUSDT on a bullish engulfing pattern confirmed by volume above the 20-period SMA, with a stop loss just below the previous candle’s low. A short-term target could be the 61.8% Fibonacci retracement at $0.690–0.692. A similar short bias could be taken on a breakdown of the $0.683–0.685 support level with a target at the next Fibonacci level of $0.676. Given the current volatility and key levels in play, this strategy could be backtested over the next 72 hours with a 1–2% risk per trade.