Technical Analysis

The daily chart of the CRV/USDT pair on Binance shows that the price rose from around $0.34 in mid-March 2025 to approximately $0.71 in mid-April, reflecting a strong recent upward trend. On April 26, the price hovered around ~$0.66 (a drop of ~3-4% in 24 hours). In recent days, CRV broke out of a sideways period of ~12 days, signaling potential continuation of the uptrend (previous resistance now acting as support). However, the very short-term technical indicators remain weak: the RSI(14) is at ~33 (“oversold”), the MACD is negative, and almost all short/medium-term moving averages (5, 10, 20, 50, 100 days) are indicating “Sell.” Only the 200-day moving average is below the current price (“Buy”). In summary, there are selling pressures in the short term.

Level (Daily Pivot) Price (USD)

Support S2 (Pivot) 0.6523

Support S1 (Pivot) 0.6582

Resistance R1 (Pivot) 0.6716

Resistance R2 (Pivot) 0.6791

The classic support/resistance levels (pivot from 04/26/25) indicate immediate support at ~$0.658 and resistance at ~$0.672. The current price is slightly below the pivot (~0.6657), reinforcing the short-term downtrend.

In terms of chart patterns, analysts pointed out that CRV broke upward from a sideways range of ~12 days (around ~$0.65) and tested this high as new support. This “breakout with retest” pattern often precedes continued upward movement: a successful retest of the support could lead the price to advance about 20% towards the next resistances (~$0.80). However, failure in the retest or insufficient volume may lead to a new correction.

Short/medium-term expectations: In the short term (days to weeks), CRV is expected to face resistance at ~0.67–0.68; confirmation of support at 0.658 would reinforce a moderate bullish scenario. In the medium term (months), if the DeFi and stablecoin market remains strong, CRV could test higher levels (around the 100-200 day moving averages).