Market Overview for Curve DAO Token/Tether (CRVUSDT) – October 22, 2025

• CRV/USDT fell to a 24-hour low of 0.5193 before recovering to close at 0.5265, showing bearish bias amid declining volume.
• Price tested a key support at ~0.5250 and bounced, but momentum remains weak as RSI stays in oversold territory.
• Volatility expanded during early ET hours, with a late consolidation suggesting short-term indecision.
• The 50-period MA on the 15-minute chart turned downward, reflecting bearish short-term alignment.
• Bollinger Bands widened during the selloff, with a retrace into the mid-band offering potential for a pullback.

The Curve DAO Token/Tether (CRVUSDT) pair opened at 0.5794 on October 21 at 12:00 ET, reaching a high of 0.5879 and a low of 0.5101 before closing at 0.5265 on October 22 at 12:00 ET. Total volume over the 24-hour period was 36,270,194.8, while notional turnover amounted to approximately $18,584,950. The pair experienced a sharp sell-off, particularly during the early ET hours, followed by a modest recovery in the final hours of the session.

The daily timeframe shows a clear breakdown of key support levels, with the 0.5250–0.5270 zone now acting as a critical near-term floor. On the 15-minute chart, bearish momentum has been reinforced by the 20-period and 50-period MAs both trending downward. The 50-period MA crossed below the 20-period MA during the late ET hours, forming a bearish signal that could pressure price further. However, the retest of the 0.5250 level and the formation of a small bullish engulfing pattern in the final candle suggest short-term buyers may step in to defend this area.

On the MACD, the histogram has remained negative for much of the session, indicating sustained bearish momentum, but has begun to contract in the latest hours, which could signal a potential slowdown in the downward move. RSI has remained in oversold territory for an extended period, now hovering near 30, suggesting the possibility of a near-term bounce. Bollinger Bands expanded significantly during the selloff, and the price has since returned to the mid-band, indicating that volatility may be subsiding and that a consolidation phase could be forming.

Fibonacci retracement levels from the recent low of 0.5101 to the high of 0.5387 show that the 0.5265–0.5270 level corresponds to the 61.8% retracement, acting as a potential turning point. A break below this would target the next major support at 0.5220–0.5240. On the upside, the 0.5310–0.5325 range represents strong resistance if buyers manage to reclaim the 50-period MA.

Backtest Hypothesis
The current technical setup aligns with a potential oversold-entry strategy based on the RSI. With the indicator near 30 and the formation of a bullish engulfing candle, an entry on a close above 0.5275 could be considered, with an initial stop-loss below 0.5225. A recovery to 0.5310–0.5325 would signal a potential exit point. However, given the weak volume during the bounce, confirmation of a stronger follow-through is essential before initiating any position. The RSI and MACD indicators will need to confirm the reversal for the strategy to be valid.