Market Overview: Curve (CRVUSDT) 24-Hour Analysis

• Curve (CRVUSDT) drifted lower, closing near 0.8615, with a 15-minute candlestick bias toward consolidation.
• Volume picked up in the early hours of ET, but failed to confirm a directional breakout, signaling indecision.
• RSI moved into oversold territory, suggesting a potential near-term bounce, though trend bias remains bearish.
• Bollinger Bands expanded during the early morning session, indicating heightened short-term volatility.
• Key support appears at 0.8560–0.8580, with resistance clustering around 0.8760–0.8800 from failed attempts earlier in the session.

At 12:00 ET–1 on 2025-08-20, Curve (CRVUSDT) opened at 0.8758 and closed at 0.8615 by 12:00 ET on 2025-08-21. The pair touched a high of 0.8952 and a low of 0.8500, with a 24-hour trading volume of 13,458,806.90 and notional turnover of $11,395,863.18.

Structure & Formations

The price structure showed a distinct bearish bias during the 15-minute time frame, with several rejection candles forming near 0.8800 and 0.8760. A notable bearish engulfing pattern occurred at 2025-08-20 18:30:00, followed by a doji at 2025-08-21 00:15:00 that may signal short-term exhaustion.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bearish crossover early in the morning, reinforcing the downward drift. However, the 50-period line began to flatten in the afternoon, hinting at a potential pause in the decline. Daily MAs (50/100/200) are aligned lower, supporting a bearish bias.

MACD & RSI

The MACD turned bearish during the morning hours, with the histogram shrinking slightly in the afternoon as price slowed. The RSI hit oversold territory around 0.8600 in the late morning, which may support a bounce, but without a clear reversal candlestick pattern, a sustained rally seems unlikely.

Bollinger Bands

Bollinger Bands expanded significantly during the early morning session, with the price hitting the lower band multiple times from 04:00 to 08:00 ET. A late-morning contraction from 08:00 to 11:00 ET suggests a potential low point in volatility, though the price continued to trend lower after 11:45 ET.

Volume & Turnover

Volume spiked in early ET hours but failed to confirm a bullish breakout as price remained below key resistance at 0.8800. Turnover mirrored volume patterns, with a peak at 0.8824–0.8844 on 2025-08-20 19:30:00. A divergence between price and volume suggests weakening bearish conviction.

Fibonacci Retracements

On the 15-minute chart, price retested the 61.8% Fibonacci level at 0.8680, failing to hold and breaking into the 78.6% zone. Daily retracements placed 0.8620 as a key support area, which held temporarily but faces pressure from renewed volume into the late session.

Curve may attempt a near-term rebound off 0.8600, but a sustained move above 0.8700 would require stronger volume confirmation. The risk remains skewed to the downside in the next 24 hours, with a breakdown below 0.8560 potentially triggering further selling pressure.