CRV Price Hits Resistance at $0.38, Warns of Shakeout Before Next Move

CRV's price has stalled at $0.36, and momentum has flatlined. The token is near-term due for a shakeout towards $0.34-$0.35 before bulls can credibly push past $0.38.

The DeFi correlation trade is real here, with Curve Finance benefiting from the broader DeFi narrative re-igniting as on-chain liquidity depth starts mattering again. The token has seen a nearly 57% structural rip since moving from the $0.23-$0.25 range, and traders tracking the DeFi revival thesis are watching Curve closely.

However, the price dropped 3.21% in the last 24 hours despite bullish positioning, which is a warning sign. The technicals are screaming caution at current levels, with momentum flatlined and the RSI pushing 68, indicating overbought territory without volume conviction.

The Bollinger Band reading shows CRV pressed up near the upper band at $0.39, but the mean is back at $0.31, making a reversion trade towards $0.34 mathematically reasonable.