CRV Price Rally Faces Distribution Risk as Token Hits Resistance

Curve (CRV) has seen a significant price surge of 13.73% to $0.27, but its technical indicators are flashing warning signs.

The token is now pressing against the Bollinger upper band at $0.28, and the moving average stack confirms that the intermediate trend is pointing upwards.

However, the relative strength index (RSI) is sitting just under 68, indicating elevated but not overbought territory.

The MACD histogram has flatlined to zero after the day's move, suggesting short-covering and thin-liquidity momentum rather than genuine conviction buying.

With a Bollinger %B position of 0.88, CRV is essentially kissing the upper band ceiling right now, making it likely to mean-revert towards the middle band at $0.24 in the near future.