CRV Hits Key Support After Sharp Correction

CRV holds a critical zone between 61.8% and 75% Fibonacci retracement as traders anticipate either a rebound or further decline.

Curve DAO Token shows consolidation at $0.66 after a steep correction with traders eyeing Fibonacci levels for next decisive movement.

CrediBull Crypto highlights that CRV mirrors a past cycle with potential for a 140% rally if support zones trigger strong recovery momentum.

Curve DAO Token (CRV) trades at a critical zone after a steep decline erased most summer gains. The token currently exchanges hands near $0.6606, reflecting a 0.48% dip. According to analyst CrediBull Crypto, the latest drawdown mirrors previous cycles and could set the stage for another breakout.

The CRV/USDC perpetual contract chart shows volatile movements from February through September 2025. Prices surged to $1.30 in July, marking the highest point in eight months. However, the rally quickly reversed as heavy selling pressure dragged prices back to $0.66. Consequently, CRV now trades between major Fibonacci retracement levels.

Fibonacci Levels Guide Price Action

The retracement map identifies important resistance and support points. The price is at $0.6816 at the 61.8% level and $0.6076 for the 75% level. Given that CRV is currently situated exactly between these lines, traders are in an inflection zone.

Source: CrediBull Crypto

Moreover, deeper technical targets extend further down. The 100% Fibonacci projection at $0.4885 signals possible risk if selling intensifies. Another 100% projection at $0.3850 underscores longer-term downside potential. Besides, trading activity shows strong reactions to these technical zones.

Market Structure Remains Corrective

CrediBull Crypto compared the present decline to an earlier correction. He noted, “The current drawdown on $CRV has retraced between 61.8-75% of the prior rise.” He also added, “The last major drawdown on $CRV also retraced between 61.8-75% of the prior rise. We then saw 140% rise to the upside and new local highs. If you got through that drawdown, you can get through this one.”

Furthermore, the June and July rise saw a spike in trade volume, indicating robust market activity. Volume has now decreased, but price stabilization around $0.66 points to accumulation. As a result, dealers are currently awaiting confirmation of the next action.

Perpetual contracts also offer flexibility because they permit ongoing trading without expiration. Around these levels, this structure maintains the activity of both long-term and short-term tactics.

CRV’s placement between major Fibonacci zones signals a decisive moment. A confirmed move could trigger either recovery toward $1.30 or a deeper slide.

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