Market Overview: CRVUSDT Gains Momentum on Strong Volume

Generated by AI AgentAinvest Crypto Technical RadarReviewed byTianhao Xu
Friday, Jan 2, 2026 1:00 pm ET1min read
CRV
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Aime RobotAime Summary

- CRVUSDT broke out with a bullish engulfing pattern at 0.3825–0.3840 after consolidation, surging past 0.3900 resistance to hit 0.4121.

- Strong RSI/MACD divergence and rising volume confirmed momentum, with price spending 4+ hours outside upper Bollinger Bands.

- Key support at 0.3825 and 0.4003–0.4053 resistance were tested/breached, aligning with Fibonacci levels suggesting continued upside potential.

- Overbought RSI and potential pullbacks to 0.3900–0.3936 highlight short-term risks despite sustained bullish structure and conviction in upward moves.

Summary
•

CRVUSDT
formed a bullish engulfing pattern near 0.3825–0.3840 after a consolidation phase.
• Price surged past 0.3900 resistance with increasing volume, reaching a high of 0.4121 by 17:00 ET.
• RSI and MACD showed strong positive divergence, suggesting ongoing momentum despite a potential overbought condition.
• Volatility expanded after 00:00 ET, pushing prices outside upper Bollinger Bands for 4+ hours.
• Key support at 0.3825 and resistance at 0.4003–0.4053 were tested and breached during the session.

Curve DAO Token/Tether (CRVUSDT) opened at 0.3840 on 2026-01-01 12:00 ET, reached a high of 0.4121, a low of 0.3817, and closed at 0.4121 on 2026-01-02 12:00 ET. Total volume was 12.36 million, with a notional turnover of $4.89 million.

Structure & Formations


After consolidating in the 0.3825–0.3850 range for several hours, CRVUSDT broke out with a bullish engulfing pattern at 0.3825–0.3840. A key resistance at 0.3900 was cleanly breached, followed by a strong rally to 0.4121. Notable support levels at 0.3825 and 0.3900–0.4003 were either held or tested during the session, with the 0.4003–0.4053 range appearing as the next key battleground.

Technical Indicators


The 20- and 50-period moving averages on the 5-minute chart trended upward, reinforcing the bullish bias. The RSI climbed above 70 twice during the session, indicating potential overbought conditions. MACD remained positive with a growing histogram, signaling sustained momentum. Bollinger Bands widened significantly after 00:00 ET, with price spending over 4 hours outside the upper band, suggesting strong volatility.

Volume and Turnover


Volume increased steadily from 00:00 ET onward, peaking at 862,522.4 around 16:45 ET, coinciding with a sharp rise to 0.4093. Turnover followed suit, confirming price strength rather than divergence. The largest single 5-minute candle (16:45–17:00 ET) accounted for ~18% of total 24-hour turnover, indicating strong conviction in the upward move.

Fibonacci Retracements

Applying Fibonacci to the 0.3817–0.4121 swing, price found support at the 61.8% retracement level (0.3936) before moving higher. The 0.4003–0.4053 range aligns with 78.6% and 100% levels of earlier moves, making it a potential target for profit-taking or consolidation.

The market appears to favor further upside in the short term, with momentum and volume supporting the recent breakouts. However, traders should remain cautious of potential pullbacks toward 0.3900–0.3936 if volume shows signs of weakening. Overbought conditions may invite short-term profit-taking, but overall structure remains bullish unless there is a decisive breakdown below 0.3900.