TL;DR
- CRV rose over 10% to above $0.24 as a Bitcoin bounce lifted altcoins, but BTC still struggles below $70,000.
- On-chain activity is weakening and social sentiment remains cautious; perpetual futures funding is negative, with shorts paying longs.
- CRV sits below 50-day and 100-day EMAs; bulls need a close above $0.24 then $0.26 and $0.29, while support is $0.22 then $0.20. Resistance sits at $0.40-$0.45; RSI is near 40, with MACD.
Curve DAO Token (CRV) jumped more than 10% in the past 24 hours, briefly climbing above $0.24 during early Asian trading as a Bitcoin bounce lifted broader altcoin sentiment. CRV’s rally looks like a rebound inside a cautious market, not a clean trend reversal. Traders are now eyeing whether the move can extend toward the $0.40 area, but Bitcoin’s continued struggle below $70,000 keeps risk appetite restrained. With macro and geopolitical uncertainty still pressuring risk assets, the latest pop is being treated as tactical momentum rather than a new cycle into the next trading session.
Why the bounce may fade
CRV has rebounded from recent lows near $0.21, yet it remains far below the highs seen in 2025 and the broader downtrend is still intact. Selling pressure is being reinforced by weakening on-chain activity and guarded sentiment. Even after the 24-hour price spike, social media tone around CRV stayed cautious, raising the risk of further erosion. Perpetual futures data also signals skepticism, with funding rates remaining negative and shorts paying longs, a setup that often precedes a retest of local lows if spot demand does not accelerate. That leaves bulls fighting tape, not just charts.
Technically, the rebound is running into heavy overhead structure. CRV is still pinned below its 50-day and 100-day EMAs, which slope from above $0.30 and cap upside. A horizontal resistance band sits in the $0.40 to $0.45 zone, shaping the higher target bulls cite. The daily RSI has recovered from oversold territory to around 40, suggesting momentum has improved but remains soft. The MACD is holding bullish signals, yet a shrinking histogram points to consolidation rather than an immediate breakout. Unless momentum builds, supply may dominate, keeping rallies brief and pushing traders to fade strength.
For bulls, confirmation requires follow-through, not just a one-day spike. A decisive close above $0.24 is the trigger for a probe of $0.26 and then the 50-day EMA near $0.29. Broader headwinds and bearish derivatives positioning temper that optimism, and short-term gains may invite profit-taking. On the downside, immediate support is near $0.22, aligned with the November 2025 demand reload zone. A break below could accelerate toward $0.20, where stronger volume clusters may step in. If $0.22 gives way, attention shifts to $0.20, and any bounce will need volume to look sustainable beyond brief spikes.
