CRV Coils at Daily Pivot as Smart Money Accumulates Longs
Curve Finance's native token CRV is coiling at its daily pivot of $0.34, a price that may seem deceptively boring but actually signals an interesting setup.
The token is sandwiched between support at $0.33 and resistance at $0.35, with volume running just under $5 million in the last 24 hours on Binance spot.
CRV's positioning fits the pattern of a bottoming infrastructure play rather than a speculative blowoff, according to Blockchain.news' analysis.
The long-term structure has repaired, but the near-term momentum engine is dead in the water, with buyers hesitating rather than retreating at the current price.
Smart money is quietly accumulating longs while retail traders are heavily shorting CRV, creating a classic precondition for a short squeeze.