Curve DAO’s native token, CRV, is inching closer to a critical demand zone between $0.42 and $0.48, sparking speculation about a potential bullish reversal. While the broader trend remains bearish, on-chain and technical signals suggest that a bounce may be brewing.
📉 Bearish Momentum Persists, But Support Is Near
CRV has been locked in a downtrend on both daily and weekly charts, with price action hugging the lower Bollinger Band and struggling to reclaim the 20-day moving average. The On-Balance Volume (OBV) continues to reflect steady selling pressure, indicating that bulls have yet to regain control.
However, the $0.45 zone—a former bullish order block from April—is emerging as a potential support level. Back then, CRV saw a strong rebound from this area, and traders are watching closely to see if history repeats itself.
🧠On-Chain Metrics Suggest Accumulation
Despite the price decline, several on-chain indicators hint at accumulation:
- Mean Coin Age (MCA): Trending upward over the past month, suggesting long-term holders are holding or adding to positions.
- MVRV Ratio: Currently at -18%, indicating that most holders are underwater—often a sign of capitulation and potential bottoming.
- Weighted Sentiment: Slightly bearish, but not extreme—leaving room for a sentiment shift if price stabilizes.
These metrics collectively point to a possible accumulation phase, especially if CRV dips into the highlighted demand zone.
🔄 Token Movement Remains Controlled
While the Age Consumed metric shows some recent token movement—typically a sign of selling—it hasn’t spiked to levels that would indicate panic or mass liquidation. This controlled behavior supports the idea that a major capitulation event hasn’t occurred yet.
