Summary
• Price tested key support at $0.3971–0.3980 before stabilizing near $0.4030–0.4040.
• RSI signaled oversold conditions briefly, but buying interest remains unconfirmed.
• Volatility expanded in the final 4 hours, with a bullish reversal pattern near 0.4046.
• Volume surged in the 17:00–17:30 ET window, but turnover did not confirm strength.
• 20-period MA on 5-min chart crossed below price, suggesting short-term bearish momentum.
Curve DAO Token/Tether (CRVUSDT) opened at $0.4085 on 2026-01-02 12:00 ET and closed at $0.4125 at 2026-01-03 12:00 ET, reaching a high of $0.4168 and a low of $0.3971. Total volume traded in the 24-hour period was 7,176,872.5, with notional turnover at $2,947,677.74.
Structure & Formations
Price encountered key support between $0.3971 and $0.3980, followed by a sharp rebound. A bullish reversal pattern formed on the 16:45–17:00 ET candle, with a close above the 0.4046 open. Resistance at 0.4070 and 0.4100–0.4115 appears to have stalled further upward movement.
Moving Averages
On the 5-minute chart, the 20-period MA dipped below price around 0.4070, indicating bearish pressure in the short term. The 50-period MA crossed below the 20-period MA, reinforcing bearish momentum. No clear alignment of the 50/100/200 daily MA is visible within the 24-hour OHLCV data.
Momentum & Volatility
The RSI briefly entered oversold territory below 30 near 0.3971 but failed to trigger a sustained rebound. MACD crossed into negative territory, confirming weakening momentum. Volatility expanded as the session progressed, particularly in the last 4 hours, with Bollinger Band width increasing from ~0.0020 to ~0.0065.
Volume and Turnover
Volume spiked in the 17:00–17:30 ET window, coinciding with a price rally toward 0.4125. However, the corresponding turnover did not show a proportional increase, suggesting weaker conviction. Divergences between volume and price movement were evident in the 7:30–8:30 ET window during a bearish breakdown.
Fibonacci Retracements
Key Fibonacci levels from the 0.4168 high to the 0.3971 low include 0.4070 (23.6%), 0.4035 (38.2%), and 0.4001 (50%). Price appears to have found temporary support at 0.4035 before stabilizing near 0.4037. The 61.8% level at $0.3988 may serve as a watch point for further downside.
The recent price action may indicate a short-term consolidation phase following the bullish reversal near 0.4046. However, without a confirmed breakout above 0.4100 or a sustained rebound, caution is warranted. Traders should monitor the 20-period MA for further bearish signals in the next 24 hours.
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