#CRV. coin, the native token of Curve Finance, has been struggling to find its footing, staying locked in a clear #downtrend on the daily chart. Currently trading between $1.04 and $1.15, there’s a chance CRV might see a short-term bounce before slipping below the critical $1 mark.
The token has been under heavy selling pressure for weeks, but some signs of a recovery are showing up on lower timeframes. Indicators like the RSI suggest that CRV might be oversold, hinting at a possible move back up to $1.1 or even $1.2. For those watching closely, this could provide a small window of opportunity for short-term gains.
However, it’s important to remain cautious. The bigger picture is still dominated by bearish sentiment for #CRV .Without significant buying volume or strong catalysts, it’s unlikely that this bounce will turn into a sustained rally. Add to that the continued uncertainty around the DeFi space, and the path downward seems more probable in the long run.
For traders, the key is to stay agile. A short-term spike could offer a chance to take profits, but the looming risk of CRV breaking below $1 shouldn’t be ignored. If it falls under this psychological level, deeper losses toward $0.80 or even lower could follow.
In short, while #CRV/USDT might be showing signs of a short-lived recovery, the overall downtrend is still in play. This is a market where staying alert and adapting quickly will make all the difference. Keep a close eye on key levels and don’t let optimism overshadow the risks ahead.
