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CRV Price Sees Short-Term Rebound Amid Ongoing Downtrend
The Curve DAO (CRV) token has remained under sustained selling pressure since August, maintaining a clear downward trend. A recent breakdown below the $0.37 price level had reinforced expectations of a deeper decline toward the next major long-term support near $0.243.
However, instead of extending losses, CRV found support around $0.331 and staged a rebound toward $0.385. This move represented a gain of approximately 16% in just over four days, drawing attention from market participants monitoring potential trend shifts.
A Short-Term Bounce Against a Bearish Backdrop
Earlier market analysis had identified CRV as firmly positioned within a bearish structure. The recent price recovery was therefore unexpected and appeared to fill a previously identified imbalance on the six-hour chart. Despite narratives around capitulation and large-holder selling, the price managed to stabilize temporarily.
That said, broader indicators suggest the long-term trend remains unchanged. On-balance volume (OBV) has shown minimal reaction, indicating limited sustained buying interest. A brief burst of demand has not been sufficient to offset several months of persistent decline. Moving averages continue to align with the prevailing downward trend, reinforcing the broader bearish structure.
The rebound also led to a retest of the $0.372 level, which has now acted as resistance rather than support. This technical response suggests that downside pressure has not fully dissipated.
Lower Timeframes Highlight Limited Upside
On shorter timeframes, the one-hour chart showed that CRV briefly moved above the six-hour imbalance zone and momentarily reclaimed the $0.372 area. However, this level has since been lost, with sellers regaining control during recent trading sessions.
While a move toward the $0.40 region cannot be entirely ruled out, this scenario currently appears less probable based on prevailing price action and volume behavior.
Market Context Remains Cautious
The recent bounce may reflect a short-term liquidity event rather than a structural shift in momentum. Although short-term volatility may have disrupted bearish positioning, the broader market bias surrounding CRV continues to lean to the downside.
Price action suggests the token could revisit lower levels, including a potential move back below $0.33, an area aligned with short-term Fibonacci extensions. Overall, CRV’s recent rebound has altered near-term dynamics but has yet to challenge the dominant long-term trend.
