Market Overview for Curve DAO Token/Tether (CRVUSDT)

Summary
• Price rallied from $0.3756 to $0.3967, forming bullish engulfing and higher highs in the 5-minute chart.
• RSI reached overbought territory near 70, with MACD showing positive divergence.
• Bollinger Bands widened, indicating rising volatility and consolidation near upper band.
• Volume spiked to $801k in the final hour, confirming strength but hinting at distribution risk.
• 0.387–0.388 appears as key support, with 0.3965–0.3975 likely resistance for near-term buyers.

24-Hour Snapshot

Curve DAO Token/Tether (CRVUSDT) opened at $0.3814 on 2025-12-24 12:00 ET, rose to a high of $0.3967, and closed at $0.3967 on 2025-12-25 12:00 ET. The total volume over 24 hours was approximately 9,461,258.9 units, with notional turnover reaching $3,692,879.

Structure & Formations

Price action on the 5-minute chart showed a series of bullish engulfing patterns starting around 11:15 ET, which preceded a sharp upmove toward $0.3967. A key support zone appears to form between $0.387 and $0.388, where the asset found multiple floors earlier in the day. No major bearish reversal patterns were observed during the session.

Moving Averages

Short-term momentum favors buyers, with price staying above both the 20 and 50-period moving averages on the 5-minute chart. The daily chart shows a similar bias, with the 50- and 100-period lines converging in a support region near $0.385.

Momentum and RSI

The RSI reached overbought levels around 70 during the last few hours of the session, suggesting potential for a near-term pause or consolidation. MACD remained in positive territory with a narrowing histogram, indicating momentum may be slowing after the sharp move higher.

Volatility and Bollinger Bands

Bollinger Bands widened significantly as the rally progressed, with price closing near the upper band. This suggests strong conviction in the move higher but also signals a potential pullback if the upper range cannot be extended.

Volume and Turnover

Volume surged to over $801k in the final 15-minute candle of the 24-hour period, coinciding with a price high. While this confirms strength, it also raises questions about distribution. Notional turnover expanded in line with the price move, supporting the bullish narrative.

Fibonacci Levels

On the 5-minute chart, price tested the 61.8% retracement level of the prior bearish leg and bounced, reinforcing the $0.387–$0.388 support area. A breakout above $0.3965 could target the 78.6% Fibonacci level at $0.3990–$0.4000 in the next 24–48 hours.

The rally appears to be driven by short-term momentum and order flow pushing CRVUSDT toward psychological and Fibonacci resistance. While the trend looks strong, traders should watch for divergence in momentum and distribution signs as the pair nears $0.3970. A pullback to test the $0.3870–$0.3880 support range could offer a setup for bullish continuation, but a breakdown would suggest caution.