Curve DAO's native token, CRV, is trading dangerously close to the $0.21 support level, with technical indicators flashing oversold and no sign of relief. The Relative Strength Index (RSI) has dropped to 38.98, a level that typically signals a price is undervalued. Yet the broader DeFi sector's continued weakness is keeping buyers on the sidelines, and traders are now eyeing a potential drop to $0.18 within the next two weeks.
Oversold but no relief
An RSI reading below 30 is often considered deeply oversold. At 38.98, CRV isn't quite there, but it's still in territory that, in a healthier market, would attract dip buyers. That hasn't happened. Instead, the token keeps sliding, with each bounce getting weaker. The lack of buying volume suggests market participants aren't convinced the bottom is in. For CRV, the $0.21 level has acted as a floor in recent weeks. If that fails, the path to $0.18 opens up — a level that technical patterns have pointed to as the next likely target.
DeFi headwinds persist
The broader decentralized finance sector has been under pressure for months. Falling yields, regulatory uncertainties, and a general rotation away from riskier crypto assets have hit tokens like CRV especially hard. Curve Finance, a key player in stablecoin swaps and liquidity pools, relies on activity across DeFi. When the sector contracts, CRV suffers disproportionately because of its tight link to trading volumes and protocol revenue. There's no indication that the DeFi downturn is reversing. Until that changes, CRV's bearish outlook is likely to continue.
Technical outlook
Chart analysts point to a clear pattern: CRV has been making lower highs since mid-2024, and the current slide fits that trend. The $0.21 level is the last major support before $0.18, a price last seen during the 2022 crypto bear market. With the RSI still above 30, there's room for further downside before the token would be considered extremely oversold. Traders are watching to see if the $0.21 level holds through the week. A close below it could trigger stop-loss orders and accelerate the decline. On the flip side, a bounce from here would need strong catalyst — something the DeFi space hasn't delivered lately. The next few days will be critical. If CRV can't hold $0.21, the move to $0.18 may come faster than the two-week window the current patterns suggest.
