Curve CRV Dips 8.2% Amid Market Volatility, Holds Critical $0.85 Support

Curve's CRV token dropped 8.2% to $0.92, driven by broader crypto market volatility rather than project-specific developments. Despite the pullback, CRV maintains a bullish technical structure, trading well above its 50-day moving average ($0.78), signaling underlying strength.

Technical indicators present a mixed but optimistic outlook. The RSI sits neutrally at 51.74, while CRV's position above key support levels and its rally from $0.37 to nearly $1.25 earlier this year suggest continued upside potential. The current dip appears technical, likely reflecting profit-taking after significant gains.

Market analysts highlight the absence of fundamental catalysts, with Curve's ecosystem progressing steadily. The $0.85 support level now serves as a critical threshold to sustain the upward momentum established since CRV's 52-week lows.