Curve struggles near the bottom of its recent range as RSI stays oversold: weekly report

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Curve slips 5.14% this week

Highlights

Curve (CRV) maintains a pronounced bearish trend, consistently trading below major moving averages and facing sustained seller pressure.
Bearish momentum dominates with all key indicators flagging weak or oversold conditions, limiting the potential for upside moves.
CRV is likely to trade between $0.2060 and $0.2270 over the next week, with a break below $0.2060 risking a retest of annual lows.

Bearish momentum persists as technical signals confirm oversold conditions

On the weekly timeframe, CRV continues to show technical weakness. All key moving averages (MA-20, MA-50, MA-200) stand above current price, confirming the prevailing bearish trend. Weekly momentum indicators reinforce this picture: the MACD indicates a Strong Sell, the ADX signals ongoing selling momentum, and both the RSI (34.87) and CCI (-75.29) point to weak, oversold conditions, while Stochastic RSI stays neutral. Weekly volatility is measured at 13.91%, with price action confined to the lower end of the recent range; sellers maintain a clear advantage based on Bull/Bear Power.

Sideways bias forecast as resistance caps recovery potential next week

Over the next 7 days, CRV is expected to trade in a range from $0.2060 to $0.2270, with the most likely scenario being sideways action below MA-20 resistance. None of the core weekly indicators support a bullish reversal, leaving the probability of an upside breakout below 20%. Should CRV break above $0.2270, a short-term recovery could target the MA-20 area, but significant resistance is expected. A move below $0.2060 would expose the asset to test annual lows, with sellers retaining control in the short-term outlook.

Parshwa Turakhiya, analyst, sees Curve continuing to trade under clear technical pressure this week, with all momentum indicators favoring the bears. The lack of fundamental news kept sentiment weak and left technical signals as the main driver. Price action stayed confined to the lower end of the recent range, while resistance near the weekly MA-20 remains key. He expects sideways movement between $0.2060 and $0.2270, with breakout odds on either side quite limited. "Unless CRV reclaims the MA-20, I see little reason to position for upside this week — base case is rangebound action favoring sellers."

Previously it was reported that Curve was experiencing persistent bearish momentum amid weak recovery prospects. This outlook is further reinforced by the latest weekly technicals, with traders advised to monitor $0.2060 as a key level that, if breached, could open the door to new lows.

Source of Data: CRV Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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