CRV Price Stalls at $0.33 Before Potential Break to $0.36
Curve's (CRV) price has reached $0.33, and technical indicators suggest it may be due for a short-term correction. The Relative Strength Index (RSI) is at 73, and the Moving Average Convergence Divergence (MACD) histogram has flatlined to zero. This indicates momentum is slowing down.
The price has been rallying from $0.23, with nearly a 45% move, but now it's showing signs of needing to catch its breath. The intraday rejection at $0.35 back to $0.33 also suggests buyers are being absorbed. The pivot point sits exactly at $0.33, making the market's position clear.
Despite a bullish trend structure, with all moving averages below the current price, there is still some caution needed. A 4-cent gap between the current price and the SMA 7 ($0.29) is a red flag for those chasing the rally. Immediate resistance at $0.34 needs to be cleared for the next target of $0.36.
However, open interest has surged 17% in 24 hours, showing conviction money is involved. Top traders on Binance are running a 1.62 long/short ratio (62% long), and retail isn't far behind at 1.43. But the taker buy/sell ratio has flipped to 0.87 in the last hour, indicating sell volume is outpacing buy volume.