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Summary
• Price rallied from 0.4207 to 0.4458, forming a bullish impulse wave with volume confirmation.
• MACD turned positive, while RSI crossed 50, indicating growing momentum.
• Volatility expanded in the last 6 hours, with Bollinger Bands widening and price near the upper band.
• A key resistance appears around 0.4470, with potential for a pullback into Fibonacci 61.8% at ~0.4375.
Curve DAO Token/Tether (CRVUSDT) opened at 0.4207 on 2026-01-16 at 12:00 ET, reaching a high of 0.4458 before closing at 0.4442 at 12:00 ET on 2026-01-17. The 24-hour volume totaled approximately 13.3 million contracts, with notional turnover of ~$5.86 million, showing a sharp increase in activity.
Structure and Key Levels
The price action formed a clear bullish impulse from 0.4207 to 0.4458, with a key resistance forming at 0.4470 after a failed attempt to break through during the early afternoon. On the 5-minute chart, a bullish engulfing pattern emerged around 0.4420, confirming the upward shift in sentiment. A bearish pinocchio candle at 0.4458 suggests a possible pause ahead.

Trend and Momentum
The 20-period and 50-period moving averages on the 5-minute chart are both trending upward, confirming the bullish bias. The MACD crossed above zero in early afternoon, showing accelerating momentum, while RSI climbed to ~60, indicating strength but not yet overbought conditions.
Volatility and Bollinger Bands
Bollinger Bands expanded in the last six hours, reflecting increased volatility. The price closed near the upper band, suggesting stretched conditions. A contraction in band width may follow, potentially signaling a short-term pause in the move.
Volume and Turnover Analysis
Volume spiked during the late morning and early afternoon, particularly around 0.4350 to 0.4458, coinciding with the price surge. Notional turnover matched the volume increase, indicating strong conviction in the bullish move. Divergences are not evident at this stage, with both volume and price moving in tandem.
The pair may continue to test resistance at 0.4470 in the next 24 hours, with potential for a correction toward 0.4375 if that level fails. Traders should watch for a breakdown of the 50-period MA or a bearish MACD crossover as early signs of exhaustion. As always, sudden liquidity shifts or broader market sentiment could alter the trajectory.
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