Summary
•
tested key support at 0.4150 and bounced amid rising volume.
• Momentum turned bullish near 0.4200, with RSI and MACD aligning on recovery.
• Volatility expanded after 0.4313 high, but price retracted to mid-range Bollinger positioning.
• Turnover surged past $600k in late hours, confirming re-entry above 0.4280.
• 0.4260–0.4280 appears pivotal for short-term directional clarity.
The Curve DAO Token/Tether pair (CRVUSDT) opened at 0.4216 on 2026-01-15, hit a high of 0.4437, and closed at 0.4207 at 12:00 ET on 2026-01-16. Total volume reached 10.45 million, with turnover at $1.19 million.
Structure & Moving Averages
Price formed a bullish rebound off support at 0.4150, with a strong bullish engulfing pattern forming on the 0.4162–0.4170 bar.
The 20-period EMA on the 5-minute chart provided a dynamic support near 0.4200 during the recovery phase. On the daily chart, the 50-period SMA appears to have acted as a psychological floor in recent sessions.
Momentum and Volatility
RSI bottomed near 28 at 0.4150, signaling oversold conditions, and crossed back above 50 by 0.4280. MACD turned positive with a bullish crossover near 0.4200, reinforcing a potential near-term reversal. Bollinger Bands widened after the 0.4313 high, but prices have since retracted to the mid-band, suggesting a period of consolidation.
Volume and Turnover
Volume surged during the 22:15–00:00 ET period, especially on the 0.4201–0.4313 and 0.4313–0.4299 candles, confirming the retests of key levels. Notional turnover also spiked to over $600k during these sessions, aligning with price movement and signaling increased participation.
Fibonacci and Key Levels
A 38.2% Fibonacci retracement level at 0.4248 and a 61.8% level at 0.4280 appear to be acting as pivots. Price has stalled near 0.4260–0.4280, which aligns with 61.8% retracement of the 0.4150–0.4313 swing, making it a critical zone for near-term direction.
A retest of 0.4200 may confirm the validity of the recent bounce, while a break above 0.4280 could trigger a retest of 0.4313. Investors should remain cautious as volatility remains elevated and divergence in volume could shift momentum quickly.
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