- Curved DAO token ($CRV) price saw notable gains as the price climbs to $0.24.
- Bulls could target resistance at $0.40 as Bitcoin eyes further momentum.
- However, on-chain metrics and broader sentiment could limit upside potential.
The Curve DAO token ($CRV) was among the top intraday performers in the cryptocurrency market, rising more than 10% in the past 24 hours.
The token climbed above $0.24 in early Asian trading hours, supported by a brief market rebound after a Bitcoin rally, which helped lift altcoin sentiment.
Some market participants are now eyeing further potential gains towards the $0.40 level.
However, as Bitcoin continues to struggle below $70,000, downside risks remain. This has made overall market sentiment cautious, limiting the upside potential of tokens such as $CRV.
Why Curve DAO Token is facing selling pressure
Curved DAO token ($CRV) has rebounded from its recent lows near $0.21, but, like most altcoins, remains well below 2025 highs.
The broader downtrend remains intact, keeping the token under sustained downward pressure.
Although some buyers may be looking to extend gains, weakening on-chain activity and negative market sentiment suggest downside risks remain elevated in the near term.
Despite the price increase over the past 24 hours, social media sentiment around $CRV remained largely cautious, raising the possibility of further price erosion.
Perpetual futures data also reflects continued skepticism among traders, with funding rates remaining in negative territory.
In recent sessions, short positions have paid off long positions, highlighting persistent selling pressure and increasing the risk of a retest of recent lows.
At the same time, macroeconomic and geopolitical uncertainties continue to weigh on investor confidence in risky assets.
Bitcoin trading below $70,000 added to the cautious tone, overshadowing positive fundamentals such as network growth.
Without a significant improvement in macroeconomic conditions, confidence risks limiting $CRVrecovery.
There is also a risk that short-term gains will prompt some investors to take profits, which could lead to a brief and fragile rebound.
$CRV price technical configuration
Overall, $CRVThe price outlook offers mixed technical indicators.
Despite rising 10% during the day to hover around $0.24, the token remains stuck below its 50- and 100-day exponential moving averages (EMA).
The moving averages are sloping above $0.30 and are a formidable overhead barrier, with a horizontal obstacle in the $0.40 to $0.45 area.
However, the daily chart shows that the relative strength index (RSI) has moved from oversold territory to around 40.
This suggests that bulls need momentum for a lasting reversal.
The daily chart of Curve Token also shows that the MACD indicator retains its bullish signals.
But the histogram shows contracting bars, hinting at short-term consolidation rather than an outright breakout.
Curve DAO token price chart by TradingView
Buyers need to secure a decisive close above $0.24 to allow a probe of initial resistance at $0.26, followed by the 50-day EMA currently at $0.29.
Yet market headwinds and bearish derivatives data are tempering that optimism.
If prices follow current bearish trends, immediate support aligns at $0.22, coinciding with the demand recharge zone from November 2025.
A decline below could accelerate to $0.20, where stronger volume clusters could intervene.
