The post CRV Price Drops 5.5% as Curve Tests Critical Support at $0.75 appeared on BitcoinEthereumNews.com.

Rongchai Wang
Aug 29, 2025 13:27

Curve (CRV) trades at $0.77 after a 5.5% decline, with technical indicators showing bearish momentum as the token approaches key support levels.

Quick Take • CRV currently trading at $0.77 (-5.51% in 24h) • Curve’s RSI at 39.97 signals oversold conditions approaching • No significant news catalysts driving recent price action • CRV testing immediate support at $0.75 with bearish MACD divergence What’s Driving Curve Price Today? The CRV price decline appears to be driven primarily by technical factors rather than fundamental news events. With no significant developments reported in the past week, Curve’s current downturn reflects broader market sentiment and technical selling pressure. The 24-hour trading range of $0.75 to $0.82 on Binance spot markets shows increased volatility, with $20.15 million in trading volume indicating active participation during this corrective phase. This price action suggests traders are reassessing positions as CRV approaches critical technical levels. The absence of major news catalysts means the current CRV price movement is likely driven by profit-taking after previous gains and technical resistance at higher levels. Market participants appear to be focusing on chart patterns and support levels rather than fundamental developments. CRV Technical Analysis: Bearish Signals Emerge Curve technical analysis reveals several concerning indicators for short-term price action. The CRV RSI at 39.97 sits in neutral territory but is trending toward oversold conditions, suggesting selling pressure may intensify if the token breaks below current support levels. The MACD configuration presents a particularly bearish picture for Curve. With the MACD line at -0.0273 and the signal line at -0.0123, the negative histogram value of -0.0150 confirms bearish momentum is building. This divergence suggests the recent CRV price decline may continue in the near term. Curve’s moving averages paint a mixed…

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Filed under: News - @ August 30, 2025 8:29 am