Market Overview for Curve DAO Token/Tether (CRVUSDT) — 2025-11-13

• CRVUSDT closed at 0.4637, down from 0.4556, with total volume of 102,467,788.
• A bullish reversal pattern emerged near 0.4496, followed by a sharp retest and a breakout.
• RSI and MACD suggest oversold conditions but mixed momentum signals.
• Volatility expanded in the latter half of the day, with volume confirming the upswing.
• Fibonacci levels around 0.4621 and 0.4659 show potential for near-term resistance.

Curve DAO Token/Tether (CRVUSDT) opened at 0.4556 on 2025-11-12 and closed at 0.4637 on 2025-11-13, reaching a high of 0.4769 and a low of 0.4450. Total 24-hour volume was 102,467,788, with a turnover of $46,575,447, showing a mix of low- and high-volume periods. The pair has shown a complex but generally bullish bias in the last 24 hours, with a key reversal candle forming near the 0.4496 level.

Structure & Formations

CRVUSDT formed a notable bullish engulfing pattern around 0.4496, followed by a retest of the pattern's high and a breakout above the prior high. Key resistance appears to be forming near 0.4672–0.4699, while support levels remain around 0.4621–0.4659. A doji near 0.4679 and a potential bearish divergence in volume suggest caution ahead.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed positively during the afternoon, indicating a short-term bullish trend. On the daily chart, the 50-period MA is below the 100- and 200-period lines, reinforcing a longer-term bearish tone. The 20-period MA appears to have acted as a support line in the final hours of the session.

MACD & RSI

The MACD crossed above the zero line and showed a positive divergence in the final hours, pointing to potential short-term momentum. However, RSI has entered oversold territory multiple times during the session, suggesting that buyers may be testing the price floor. RSI currently stands near 38, indicating a potential turning point in the near term.

Bollinger Bands

Volatility expanded in the latter half of the day, with the upper Bollinger Band reaching 0.4769. Price action has stayed within the bands for most of the session, with a strong move toward the upper band around 15:00 ET. This expansion suggests increased market participation and potential for a break above the resistance level.

Volume & Turnover

Trading volume spiked to 2.5 million at 17:45 ET, confirming a breakout attempt. However, turnover was relatively muted during this move, indicating cautious participation. The final candle showed a volume of 527,145, suggesting a mixed sentiment as the pair closed near 0.4637.

Fibonacci Retracements

Fibonacci levels were drawn from the 0.4450 low and the 0.4769 high. Key levels of 0.4621 (38.2%) and 0.4659 (61.8%) acted as temporary support and resistance. Price may retest these levels before attempting a break higher, with the 61.8% retracement likely to be a short-term ceiling unless a strong breakout candle forms.

Backtest Hypothesis

A mechanical backtesting strategy based on the daily Bullish Engulfing pattern was applied to the CRVUSDT pair from 2022-01-01 to 2025-11-13. The results showed a cumulative return of –92.29% and a max draw-down of –96.56%, highlighting the inefficacy of the rule in a persistent bear market. The negative Sharpe ratio and lack of risk controls suggest that this pattern alone may not be sufficient for a viable trading strategy without additional filters or confirmations.