Curve DAO approaches 0.20 USD key support: Can CRV stop the decline and rebound?

Gate News update: Curve DAO (CRV) price keeps pushing toward the key support level at $0.20. In the short term, the market faces a directional choice. As of April 6, CRV is at $0.2118, down more than 8% on the day, continuing the downtrend channel that has been in place since the end of 2025. Market participants are closely watching the technical patterns forming on the 4-hour chart and the daily chart to determine whether the price can hold support and rebound, or whether it will drop into an unknown downside region.

On the technical side, the lower boundary of the daily-level downtrend channel is gradually moving toward $0.20, while the upper boundary is near $0.2495, acting as persistent rolling resistance. Although the daily MACD indicator shows a slight stabilization signal, trading volume has not supported a rebound, and the overall downside momentum has not yet been ruled out. On the 4-hour chart, CRV forms a descending wedge, with near-term support at $0.2071 and the upper boundary at $0.2224. Although the wedge is a potential bullish reversal structure, the direction still cannot be confirmed.

Fundamental risks remain. On March 2, a flash-loan exploit occurred in the sDOLA-crvUSD liquidity pool under Curve Finance. Although the core protocol contract was not affected, the event still leaves residual pressure on market sentiment. In addition, derivatives data shows that, as of the late March period, CRV futures open interest fell by 11.47%; net long positions are slightly higher, reflecting that investors are still staying cautious.

As for key price levels: if the $0.2071 support on the 4-hour chart is broken, CRV may test the psychological level of $0.20, with the next support further down at $0.18, the lowest level since August 2024. Overhead resistance is concentrated at the $0.2224 descending wedge upper boundary on the 4-hour chart and the $0.2495 super trend line on the daily chart. If the price successfully recaptures these levels, the downtrend channel would face its first challenge, and only then might signals for a bullish reversal appear.

Overall, in the short term, CRV remains under dual pressure from technical factors and residual risks. The $0.20 level will become the key support point traders focus on, and whether it holds or breaks will determine the direction of the subsequent move.