CRV Curve DAO Token Price Falls Below Support at $0.30

Curve DAO (CRV) has decreased by 17.08% over the past 24 hours, continuing its recent decline amid increased selling pressure. Spot trading volume rose by 182% to $94.49 million – the increase in activity during the sell-off indicates aggressive selling rather than new buyer interest. CRV derivatives trading volume increased by 126.53% to $221.82 million, indicating increased volatility in the futures market. Meanwhile, open interest decreased by 19.23% to $110.77 million: participants were closing positions rather than investing new capital. This combination usually indicates position unwinding and potential liquidations.

The overall cryptocurrency market also deteriorated: the fear and greed index dropped to 38, reflecting growing investor fear. Token reserves on exchanges decreased by 15.58% to $120.9 million over 24 hours. However, the decline reflects the drop in CRV price, limiting conclusions about actual token withdrawals. Spot net flows remained predominantly negative: on October 30, approximately $218,990 net outflow was recorded.

Despite the withdrawal of tokens from exchanges, the CRV price continued to decline: selling pressure outweighed the accumulation potential. On the daily chart, a break below $0.30 was confirmed – a zone that previously supported recovery. After the break, bears drove the price to $0.2739, with the next support at $0.2372 in focus. RSI dropped to 30.24, approaching the oversold zone and reflecting strong bearish pressure; the indicator is below the moving average, indicating weakening buyers. MACD confirms the bearish picture: the line is below the signal, and the histogram expanded to −0.0030. If buyers do not reclaim $0.30, CRV may continue to decline to $0.2372.