Curve (CRV) Seeks Support at $0.29 Amid Momentum Stall
Curve (CRV) is currently trading at $0.30, down 4.14% in the last 24 hours. The market's momentum has come to a standstill, with the MACD histogram printing exactly zero.
The only thing holding CRV up from further decline is its support level of $0.29, where three layers of confluence meet: immediate support, strong support, and the 20-day SMA.
Retail investors are heavily shorting CRV, with a taker buy/sell ratio confirming their conviction. However, top trader long/short positioning shows that smart money desks are taking the opposing side of this bet, indicating potential accumulation behavior ahead of a squeeze.