$CRV CRV/USDT: DeFi Darling in Distress – Bottom or More Pain Ahead?
CRV is getting absolutely wrecked today, nosediving **-8.32%** to **$0.7243** with **$31.56M** in volume. The DeFi blue chip is testing critical support after breaking all key moving averages – is this capitulation or opportunity?
**Why the Bloodbath?**
- DeFi sector under heavy selling pressure
- CRV liquidity crisis FUD resurfacing
- "Curve Wars" memes turning into "Curve Worries"
**Make-or-Break Levels:**
- **Support:** $0.7063 (24h low) – lose this and $0.65 is in play
- **Resistance:** $0.7409 (MA99) – must reclaim for any recovery
**Technical Breakdown:**
- RSI(6) at **46.18** (not oversold yet)
- MACD barely positive (**0.0005**) – bulls losing grip
- Volume spike suggests strong distribution
**Prediction:**
If Bitcoin stabilizes, CRV could bounce to **$0.7535**. But break **$0.7063** and we're testing **$0.68** before lunch.
**How to Trade This:**
- **Contrarians:** Scale-in buys at $0.71 with stops below $0.70
- **Smart Money:** Wait for RSI <40 + MACD reversal
- **Avoid:** Catching this falling knife until $0.7409 breaks
Trade small – this one's volatile as hell!
