According to latest reports from AMBCrypto, Curve DAO [CRV] experienced a 9.87% decline since reaching a local high of $0.2655 on Friday, June 12th, following rejection from the key resistance zone. The token has now slid 2.35% in the past 24 hours as of June 13th, with an Open Interest decline of 1.83% during the weekend trading period. This rejection from the $0.266 level - which represents the 78.6% Fibonacci retracement level - has reinforced the bearish higher timeframe structure that was previously identified. The token's recent rally performance, which had seen 35.11% gains since Saturday, June 6th, has now been reversed as selling pressure returns to the market.
The technical analysis reveals that CRV's bearish trend structure remains intact following the rejection from the $0.266 resistance level. The CMF has sunk to +0.03, signaling that capital inflows have slowed down significantly, while the RSI and MFI indicators have declined toward 50, indicating that momentum has slowed but has not yet shown bears gaining the advantage. The token's bearish higher timeframe structure continues to be supported by the 78.6% Fibonacci retracement level at $0.266, which bears have successfully defended. On the topside, immediate resistance is located at the 50% Fibonacci retracement at $0.2316, measured over the downswing from $0.2931 to $0.1700, followed by the 100-day EMA at $0.2421. The 4-hour chart underlines the rejection from this key Fibonacci retracement level, supporting the bearish outlook.
The broader cryptocurrency market maintains risk-off sentiment with the Crypto Fear and Greed Index at 15 continuing to signal extreme fear among investors following Bitcoin's brief slip below $60,000. AMBCrypto analysis suggests that traders should maintain a bearish long-term bias despite the current rejection, as the higher timeframe bias remains capped with price holding below the 100- and 200-day EMAs at $0.2421 and $0.3045 respectively. The rising exchange inflows provide additional evidence supporting the bearish outlook, with the 7-day moving average climbing back into positive territory to the highest values seen in 2026. While there is potential for a bounce toward $0.27 based on the Liquidation Map, traders are advised to look to go short with a stop-loss above the $0.293 swing high, being wary of a squeeze toward the $0.26-$0.27 range.
