Summary
• Price formed a bullish reversal pattern near 0.3875-0.3890, with volume increasing at key support.
• RSI signaled oversold conditions early in the session but failed to trigger a strong rebound.
• Bollinger Bands showed a narrow contraction before 0.3900, followed by a modest breakout.
• Volatility remained low, with price trading within a tight 1.4% range for over 12 hours.
• CRVUSDT closed above the 50-period moving average, suggesting short-term optimism.
Curve DAO Token/Tether (CRVUSDT) opened at 0.3879 on 2025-12-08 12:00 ET, reached a high of 0.4157, and a low of 0.3848, closing at 0.4207 by 12:00 ET on 2025-12-09. Total volume was 7.1 million units, with a turnover of $2.95 million over the 24-hour period.
Structure & Formations
Price tested the 0.3875–0.3890 support cluster multiple times, forming a potential bullish reversal pattern, particularly after the 0.3884 low on 0.3927 open at 02:45 ET.
A key bearish engulfing pattern emerged near 0.4063 before a sharp recovery, signaling possible indecision among traders. No strong doji were observed, but the price did show a series of lower highs and higher lows during consolidation periods.
Moving Averages and Momentum
The 50-period 5-min moving average crossed above 0.3940, supporting a short-term bullish bias. However, the 20-period MA showed signs of divergence as volume failed to confirm the upward move beyond 0.4083. RSI bottomed below 30 at 0.3887 and climbed back toward neutral levels, but without crossing into overbought territory. MACD showed weak positive divergence, with the histogram expanding only modestly on the breakout attempt.
Volatility and Bollinger Bands
Bollinger Bands contracted around 0.3890–0.3910 early in the session, followed by a breakout toward the upper band. Price remained within a narrow range for most of the morning, with volatility only expanding after the 0.3950 level was retested. This suggests a buildup in momentum but not yet a full breakout.
Volume and Turnover
Volume spiked during the 15:15–16:00 ET period, coinciding with a 2.5% move from 0.4083 to 0.4208. However, the turnover failed to exceed the previous day’s average, suggesting the move may not be fully backed by institutional buying. Price and turnover moved in alignment during the late afternoon surge, offering some confirmation of strength.
Fibonacci Retracements
Fibonacci levels from the key 0.3848 low to the 0.4157 high showed price consolidating near the 0.618 (0.4025) and 0.786 (0.4076) levels for much of the session. A test of the 0.786 level occurred at 0.4076 but failed to hold, suggesting possible resistance ahead at the 0.416–0.420 cluster.
The market may continue to test the 0.421–0.425 range over the next 24 hours, with a potential pullback to 0.4157 if bulls show hesitation. Traders should remain cautious as low volatility can quickly reverse in either direction.
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