Summary
• Price dipped from 0.4008 to 0.3936 before reversing near-term support.
• RSI and MACD signaled oversold conditions, hinting at potential rebound.
• Volume surged during decline, showing strong bearish conviction.
• 20-period MA acted as dynamic support during late-day recovery.
• Bollinger Band contraction early morning suggested low volatility ahead.
The Curve DAO Token/Tether (CRVUSDT) pair opened at 0.3991 on December 25 at 12:00 ET, reached a high of 0.4039, touched a low of 0.3866, and closed at 0.3996 on December 26 at 12:00 ET. Total volume for the 24-hour window was 9,930,086.6 with a notional turnover of 3,857,714.25.
Structure & Formations
CRVUSDT tested a key support level near 0.3934, where a bullish reversal appeared as price bounced off this zone with a long lower shadow and a shrinking range. The 0.3976–0.3981 range became a key consolidation zone after the morning reversal, with multiple candles forming tight bodies and limited wicks, signaling a possible equilibrium ahead.
Moving Averages
The 20-period and 50-period moving averages on the 5-minute chart converged near 0.3980, offering a dynamic support reference. While the daily 50-period MA may offer a floor, the 100- and 200-period lines appear to be slightly bearish at this stage.
MACD & RSI
The RSI dipped below 30 for a brief period during the morning decline, suggesting an oversold condition that coincided with a price rebound. The MACD line crossed above the signal line in the afternoon, indicating a potential shift in momentum, albeit from a low base.
Bollinger Bands
Volatility expanded during the early-morning decline, with the lower Bollinger Band reaching 0.3870. Price remained within the bands for most of the session, showing no clear breakout attempts and suggesting traders remained cautious.
Volume & Turnover
Volume surged during the morning sell-off, peaking at over 960,000 units, signaling conviction in the bearish move. However, during the afternoon rebound, volume remained moderate, suggesting the bullish follow-through was limited. Turnover patterns also showed divergence from price during the late afternoon consolidation.
Fibonacci Retracements
The 61.8% Fibonacci retracement level of the early-morning move (0.3934 to 0.4039) sits around 0.3969–0.3972, which aligns with the consolidation zone observed after 04:00 ET. This level may act as a key reference in the near term.
Over the next 24 hours,
could test the 0.4012–0.4028 resistance zone if the current bullish momentum holds. However, traders should remain cautious as bearish divergence and high volume during the previous decline could still exert downward pressure.
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