Curve DAO's CRV token declined 2.35% in the past 24 hours on the 13th of June, with Open Interest falling 1.83% and daily trading volume dropping 64%. The decline followed a rejection from a local high of $0.2655 reached on Friday, the 12th of June, representing a 9.87% slide from that peak. The rejection occurred at the 78.6% Fibonacci retracement level of $0.266, a key resistance zone that technical analysts had identified as a critical test for the token's price trajectory.
CRV Rejects $0.266 Resistance with Technical Indicators Showing Momentum Slowdown
The 78.6% Fibonacci retracement level at $0.266 acted as resistance, with bears defending this level following the Friday bounce to $0.2655. The Chaikin Money Flow (CMF) indicator sank to +0.03, signaling that capital inflows slowed down. The Relative Strength Index (RSI) and Money Flow Index (MFI) also declined toward 50, indicating momentum has slowed but not yet showing bears have a clear advantage.
AMBCrypto's earlier analysis had outlined a bearish case for Curve DAO's native token, noting a higher timeframe bearish structure break and subsequent rally toward $0.266 as a bearish development. The analysis concluded that traders would want to sell the bounce, a scenario that materialized with the Friday rejection.
Liquidation Data and Exchange Inflows Signal Potential Price Movement
The liquidation map shows a relatively high amount of short liquidation leverage overhead that could be targeted before the higher timeframe downtrend continues, suggesting a possible bounce toward $0.27. Exchange netflow data reveals rising inflows, with the 7-day moving average climbing back into positive territory to reach the highest values seen in 2026. The combination of high inflows and bearish price action indicates selling pressure, though traders should remain aware of a potential squeeze toward the $0.26-$0.27 range.
The technical setup points to a stop-loss level above the $0.293 swing high for traders considering short positions. The higher timeframe structure remains bearish, and the 4-hour chart reinforces the rejection from the key Fibonacci retracement level.
FAQ
What happened to Curve DAO's CRV token on the 12th of June?
CRV reached a local high of $0.2655 on Friday, the 12th of June, before being rejected at the 78.6% Fibonacci retracement level of $0.266. The token subsequently declined 9.87% from that peak.
Why did CRV's trading volume decline by 64%?
The 64% decline in daily trading volume occurred after CRV faced rejection from the $0.266 resistance zone, reflecting reduced market activity following the failed breakout attempt.
What do the exchange inflow metrics indicate for CRV?
The 7-day moving average of exchange inflows climbed to the highest values seen in 2026, suggesting increased selling pressure as tokens move to exchanges, which typically precedes potential price declines.
