Curve DAO Token (CRV) Stays Downwind Despite Rebound from an Annual Low

The Curve DAO Token market has long been in a downward trend. This bearish correction has spanned multiple months, bringing the token to trade near an annual low. While there are indications suggesting a continued upside retracement, let’s take a closer look at the market below.

Curve DAO Token Statistics

Current Price: $0.3711

Market Capitalization: $537.97M

Circulating Supply: 1.42B

Total Supply: 2.33B

CoinMarketCap Rank: 79

Key Levels

Resistance: $0.4000, $0.4250, $0.4500

Support: $0.3500, $0.3000, $0.2750

CRV Rebounds Past the 9-Day EMA

Today’s trading session in the Curve DAO Token daily market has proven to be quite productive. This is evident as the current session’s price candle has pushed the coin above the 9-day EMA at the time of writing.

Despite the modest price movement, the lines of the SRSI indicator can be seen rising considerably.

The terminal portion of the lead line is now above the 50 level of the indicator. However, the latest price candle displays an upper shadow, reflecting that bearish pressure is still present during the session.

Curve DAO Token Buyers Appear Exhausted (4-Hour Chart)

The CRV 4-hour chart reveals that bullish forces may already be losing momentum. Price action has moved more decisively above the 9-day EMA; however, the most recent candle shows a notable downward contraction, leaving behind a long upper shadow.

Nevertheless, price remains above the 9-day EMA curve. Meanwhile, the SRSI lines have begun moving sideways near the 100 level, led by the indicator’s main line. This overbought condition suggests exhaustion in upward momentum. As a result, a pullback toward the $0.3500 price level may occur in the near term.

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