Date: Thu, Nov 20, 2025 | 09:30 AM GMT
The broader altcoin market continues to face strong headwinds as Ethereum (ETH) extends its 30-day decline past 22%. This ongoing weakness has put pressure on several major assets, including Curve DAO Token (CRV), which has fallen nearly 16% during the same period.
Even so, today’s mild recovery has brought a fresh development onto the chart — a harmonic structure that could potentially shift sentiment in favour of buyers. A possible trend-reversal formation is now emerging, hinting that CRV may be preparing for a notable rebound if key levels continue to hold.
Harmonic Pattern Signals More Upside
On the daily timeframe, CRV is developing a Bearish Butterfly harmonic pattern — a setup known for pushing the price higher during the movement toward its final D-point. While the major reversal often takes place at the PRZ, the climb leading into this zone typically offers bullish momentum and recovery phases.
The structure began forming at Point X around $0.5968, followed by a sharp dip into Point A, a bounce into Point B near the 0.763 Fibonacci retracement, and finally a drop to Point C at $0.3991. This C-zone has now emerged as the anchor of the entire formation, holding price steady even during broader market weakness.
From this support, CRV has shown its first signs of stabilization. The token is currently trading near $0.4447, indicating early movement in the potential CD-leg — though more confirmation is still required for a strong upside continuation.
What’s Next for CRV?
The most critical factor in the short term is the continued defense of the C-support region around $0.3991. As long as CRV stays above this level, the harmonic structure remains valid, and the probability of a bullish CD-leg increases.
If buyers maintain momentum from this zone, the next key test arrives at the 40-day moving average near $0.4975. Reclaiming this dynamic resistance would provide the chart with a far stronger bullish signal, suggesting that the reversal structure is gaining traction.
Should CRV extend its upward leg, the path leads toward the Potential Reversal Zone between $0.6537 (1.272 Fibonacci extension) and $0.7260 (1.618 extension). This is the region where the Butterfly pattern typically completes and where price often faces significant resistance or trend exhaustion.
However, if CRV fails to hold above $0.3991, the pattern risks invalidation. Such a breakdown could trigger deeper downside exploration before any meaningful recovery attempt emerges.
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