Curve DAO (CRV) aims for the $0.4 mark – Signals investors need to pay attention to.

Curve DAO Token (CRV) continues to plunge deep into the downtrend over the past month, as the selling pressure shows no signs of easing.

Although Bitcoin (BTC) has had some notable recoveries since the beginning of the week, CRV remains weak and unable to keep pace with the upward trend of the leading cryptocurrency.

At the time of writing, CRV is trading below the low set on June 23 – a signal that the bears are still fully in control. If the current trend continues, it is highly likely that CRV will soon return to the important support zone at $0.40–$0.42 within this month.

CRV lost the $0.7 mark, the downtrend is reinforced

Weekly chart of CRV/USDT | Source: TradingViewThe impressive recovery in November and December last year had sparked hopes for a sustainable uptrend of CRV. However, the weekly chart tells a different story: the price was strongly rejected right at the peak established since the beginning of 2023.

This development suggests that Curve DAO may be stuck in a prolonged accumulation phase over the past 30 months. Although the "altseason" in November 2024 created significant momentum, it has not been enough to help CRV break out of the sideways trend on the long-term timeframe.

CRV is currently fluctuating within the accumulation range (marked in white) from $0.23 to $1.20. Notably, in the past two months, CRV has continuously failed to break through the resistance level of $0.82 and has been unable to maintain the average price range around $0.72.

These consecutive failures have raised concerns about a deeper correction. If selling pressure continues to increase, CRV may retreat to important support levels at $0.38 – or even the previous low of $0.23.

The market structure continues to lean towards the bears

On the daily timeframe, Curve DAO (CRV) is clearly showing a price structure leaning towards a 下行 trend.

In early June, CRV returned to test the resistance area around the $0.70 mark — considered an important supply zone — but was quickly met with strong rejection. Since that time, the price has fallen over 32%, clearly reflecting the defeat of the bulls.

Daily CRV/USDT Chart | Source: TradingViewThe Chaikin Money Flow Indicator (CMF) has continuously remained below the +0.05 threshold since the recovery in November, indicating that sell pressure is still dominating the market. At the same time, the On-Balance Volume Indicator (OBV) has also recorded a 下行 trend, despite a slight increase in buying volume at the end of March and the beginning of April — indicating that the bullish momentum is not strong enough to sustain.

Currently, the area from $0.42 to $0.50 ( is marked in green ) and acts as a potential "bullish order block" – a key demand zone that bulls are expected to defend. Traders should closely monitor reversal signals here to identify opportunities as early as possible.

However, in the context of moving averages still signaling negatively, opening a Long position without clear confirmation of a reversal could pose significant risks. Investors need to maintain a high level of caution in the current period.

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