Market Overview for Curve DAO Token/Tether (CRVUSDT)

Summary
• CRVUSDT rose from 0.3587 to 0.3853 over 24 hours, forming bullish continuation patterns near key resistance.
• RSI and MACD indicate strong positive momentum, with RSI pushing into overbought territory after a sharp late-day rally.
• Bollinger Bands show increasing volatility, with price closing near the upper band on strong volume.
• Volume spiked during the last 3 hours, particularly between 16:00–17:00 ET, confirming upward momentum.
• Fibonacci retracement levels suggest potential consolidation near 0.3813 and 0.3760 in the short term.

Curve DAO Token/Tether (CRVUSDT) opened at 0.3587 on 2025-12-31 at 12:00 ET and closed at 0.3832 on 2026-01-01 at 12:00 ET, hitting a high of 0.3856 and a low of 0.3587. Total volume was 6,045,241.2 with turnover of $2,218,795.20.

Structure & Patterns

Price action displayed a strong bullish reversal, forming a bullish engulfing pattern as it broke above the 0.3651 level on 2025-12-31. This was followed by a series of higher highs and higher lows, reinforcing a potential uptrend continuation. A strong rejection at 0.3591–0.3596 occurred in the early hours, setting a clear short-term support zone.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period moving averages were both below the current price, indicating a short-term bullish bias.

RSI crossed above 60 into overbought territory, while the MACD histogram showed increasing positive momentum in the final hours, with a bullish crossover on 2026-01-01 at 16:15 ET.

Volatility and Bollinger Bands

Bollinger Bands expanded as volatility increased, with price staying near the upper band in the final three hours of the period. This suggests heightened buyer interest and potential continuation of the rally.

Volume and Turnover Analysis

Volume surged significantly in the final three hours, especially between 16:00 and 17:00 ET, during the breakout above 0.3813. Notional turnover also spiked during this time, confirming the bullish momentum. No major divergence was observed between price and volume, reinforcing the strength of the move.

Fibonacci Retracements

Applying Fibonacci levels to the recent 5-minute swing (from 0.3591 to 0.3856), the 0.3813 level (61.8% retracement) and 0.3760 level (38.2% retracement) are likely to act as near-term support. A close below 0.3760 could signal a pullback or consolidation.

In the next 24 hours, CRVUSDT may test the 0.3856 resistance level and potentially extend the rally if buyers remain active. However, a failure to hold above 0.3760 could trigger a short-term retracement, so traders should monitor volume and momentum indicators for confirmation.