The post CRV Price Plunges 12.45% as Curve Token Faces Technical Breakdown appeared on BitcoinEthereumNews.com.

Rebeca Moen
Sep 22, 2025 09:09

CRV price drops to $0.70 amid bearish momentum, with technical indicators signaling potential further downside despite oversold conditions on the daily timeframe.

Quick Take • CRV currently trading at $0.70 (-12.45% in 24h) • Curve’s RSI at 38.32 shows neutral-to-oversold conditions with bearish momentum • No significant news events driving the current price action What’s Driving Curve Price Today? The sharp decline in CRV price over the past 24 hours appears to be driven primarily by technical selling pressure rather than fundamental news events. With no significant announcements or developments from the Curve protocol in recent days, the current bearish movement reflects broader market sentiment and technical factors. The absence of major catalysts suggests that CRV’s price action is being influenced by profit-taking after previous gains and potential liquidations as the token approaches key support levels. This technical-driven selloff is particularly evident in the trading volume, which reached $29.7 million on Binance spot markets, indicating heightened selling pressure. CRV Technical Analysis: Bearish Signals Emerge Curve technical analysis reveals several concerning indicators for short-term price action. The CRV RSI at 38.32 sits in neutral territory but shows clear bearish momentum, suggesting selling pressure may continue before reaching oversold levels. Curve’s MACD indicator paints an even more bearish picture, with the main line at -0.0173 and the signal line at -0.0153, creating a negative histogram of -0.0020. This configuration indicates that bearish momentum is accelerating, potentially signaling further downside in the near term. The moving average structure also supports the bearish thesis. CRV price currently sits below both the 7-day SMA at $0.77 and the 20-day SMA at $0.78, while trading close to the 200-day SMA at $0.69. This positioning suggests that short-term momentum has turned decisively negative.…

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Filed under: News - @ September 23, 2025 12:26 am