Curve DAO token hovers dangerously near make-or-break $0.20 level

Curve DAO Token (CRV) is trading just above a widely watched $0.20 support level, with a break below the threshold potentially triggering renewed selling pressure across parts of decentralized finance. In Friday’s session, CRV is holding around $0.21 as investors monitor whether the token can defend the key floor.

Price decline and liquidity signals

The selloff has been steep since late 2024. Over the past four months, CRV has lost nearly 40% of its value, falling from roughly $0.35 a year ago to the current area near $0.21. Trading activity has also weakened: volume is down 15% over the past month, suggesting buyers have been less willing to step in.

Technical outlook: $0.20 as the pivot

Analysts point to the $0.20 level as a potential make-or-break point for the token. On April 5, crypto analyst Jane Doe said CRV trading volume has fallen sharply, adding that traders are reluctant to buy at current levels. On April 6, analyst Mark Phillips reported that CRV’s RSI has dropped below 30, placing it in oversold territory.

Phillips also warned that bearish momentum remains strong even as oversold conditions appear. If CRV breaks below $0.20, the next reference point cited is around $0.15, which would imply an additional 25% decline for holders.

Broader market context

CRV’s weakness is occurring alongside a relatively steadier macro backdrop within crypto. Bitcoin is holding near $28,000 and Ethereum is trading around $1,800, leaving CRV’s underperformance more pronounced relative to the broader market.

Platform changes and governance token pressure

Curve Finance introduced fee structure changes that drew criticism from users, with community members describing the adjustments as unfavorable compared with competing platforms. The negative sentiment has persisted alongside the token’s decline.

Despite the price pressure, Curve remains a major DeFi venue by total value locked, with DeFi Pulse data cited at more than $4 billion. However, the governance token’s market cap has shrunk to roughly $150 million, reflecting continued erosion in CRV’s value.

On-chain activity: large holders reduce exposure

Recent on-chain data indicates selling by large investors. “Whales” reportedly reduced their CRV positions by about 10% over the past two weeks. The article notes that when major holders cut exposure, retail investors often follow.

Curve leadership has not issued public statements addressing the price action. The piece also mentions that community meetings are expected soon, though no dates have been set, and that a quarterly report expected in mid-April could provide additional context.

What to watch next

The developer team has released platform updates intended to improve functionality, but the article says these changes have not yet translated into improved CRV price performance. It frames the near-term outlook as a test of whether CRV can hold above $0.20; a breakdown could accelerate panic selling, while staying above the level may allow time for Curve to outline a recovery approach.

According to the article, Curve Finance was not reached for comment.