CRV Price Rebounds 2.18% as Curve Token Tests Critical Support After Major Pullback
The post CRV Price Rebounds 2.18% as Curve Token Tests Critical Support After Major Pullback appeared on BitcoinEthereumNews.com.
Jessie A Ellis Aug 04, 2025 07:53 ** CRV trades at $0.91 with 2.18% daily gains, finding support after a 9% correction from recent highs above $1. Technical indicators suggest consolidation phase. Quick Take • CRV currently trading at $0.91 (+2.18% in 24h) • Curve’s RSI at 53.44 indicates neutral momentum after recent volatility • Recovery attempt following 9% pullback from $1.06 highs driven by profit-taking What’s Driving Curve Price Today? The CRV price is showing signs of stabilization after experiencing significant volatility over the past week. On August 1st, Curve faced a sharp 9.19% pullback to $0.93, representing a natural correction after the token’s explosive 79% surge that pushed it above the critical $1 resistance level. This recent correction appears to be driven primarily by profit-taking activities from traders who rode the impressive rally from late July. The pullback occurred despite the overwhelmingly positive momentum that saw CRV break out of consolidation with strong volume on July 31st, reaching an intraday high of $1.057. The initial surge was fueled by a combination of short squeeze dynamics and positive regulatory developments, creating a perfect storm for bullish price action. However, the subsequent 9% decline demonstrates the market’s tendency to correct after such rapid gains, with traders taking profits at key resistance levels. Today’s 2.18% recovery suggests that buyers are stepping in at current levels, viewing the recent pullback as a potential buying opportunity. The CRV price action indicates that while the immediate euphoria has cooled, underlying sentiment remains cautiously optimistic. CRV Technical Analysis: Mixed Signals Emerge The Curve technical analysis reveals a complex picture with both bullish and bearish elements competing for control. CRV’s RSI currently sits at 53.44, positioning the token in neutral territory after retreating from overbought conditions during the…
