Curve DAO Token Needs Hourly Close Above $0.3957 to Extend Gains

Curve DAO Token (CRV) traded near $0.3948 on Oct. 8, with its bullish daily structure intact but mixed short-term momentum leaving an hourly close above $0.3957 as the key continuation level.

A completed hourly candle above $0.3957 would place $0.3974 and $0.4045 as the next resistance levels. A close below $0.3893 would shift attention to support at $0.3855 and the daily pivot at $0.3697.

The daily breakout remained unconfirmed because the latest completed daily candle closed at $0.3815. CRV was trading above daily resistance at $0.3945, but the move had not yet been confirmed by a completed candle.

The broader trend stayed constructive. CRV traded above its daily 20-, 50- and 200-period exponential moving averages at $0.3646, $0.3382 and $0.2868, respectively. The daily MACD histogram was negative, while the hourly histogram was positive but narrowing.

Momentum readings remained below the commonly cited overbought threshold of 70. Daily relative strength index stood at 57.4, hourly RSI at 66.6 and 15-minute RSI at 60.0. The latest completed hourly and 15-minute candles closed at $0.3920 and $0.3936, respectively.

The broader crypto market was valued at approximately $2.83 trillion at 3:59:21 a.m. ET (07:59:21 UTC), while Bitcoin dominance stood at 58.7761%. The Crypto Fear & Greed Index was 64, classified as “Greed.”