- CRV faces downside risk if $0.466 support fails to hold soon.
- Curve’s active loans surged over 300% in Q2 despite low volume.
Curve DAO Token (CRV) is showing weakness near a key support level at $0.50, raising concerns among investors. At press time, CRV is trading at $0.4993, down 2.17% over the past 24 hours.
Morecryptoonl recently analyzed the token, showing it testing a critical support level near $0.466. If this level holds, a bounce within a corrective C-wave remains possible.
The analysis highlights an ongoing ABC corrective pattern, with CRV now in the C-wave phase. Fibonacci retracement zones between 50% and 78.6% are being tested.
A failure to stay above the $0.466 mark could trigger further downside pressure. Previous bullish attempts have faded quickly, and analysts suggest that a new all-time high is unlikely in the short term.
Platform Metrics: TVL and crvUSD Supply Climb
Despite the weak price performance, Curve Finance showed modest platform growth this week. Total value locked (TVL) rose by 0.7% to $2.17 billion. Demand for crvUSD increased, with borrowing up 2.1% and total supply climbing 1.7% to $118 million. The stablecoin maintained a steady peg at $0.9998.
Yield farming opportunities on the platform remained strong, with stablecoin pools offering returns as high as 93.7%. However, swap counts dropped 27.4%, even as overall trading volume jumped 15.6%.
Llamalend, Curve’s lending arm, continued recovering from a previous exploit, though its TVL declined 7.2%. Arbitrum activity surged following a Robinhood-related announcement.
Q2 Financials: Loans and Deposits Up, Volume Down
Curve Finance released its Q2 2025 financial report from Token Terminal, showing solid growth in lending metrics. Active loans surged 308%, rising from $18.2 million in Q1 to $74.2 million in Q2. Net deposits grew 3.7% to reach $2.0 billion, holding steady with Q1 levels.
Top analyst Filippo’s data shows Curve’s steady progress despite reduced market activity. Meanwhile, the crvUSD supply rose sharply by 63.9%, indicating growing user adoption. Trading volume, however, dropped by 34.7%, falling from $30.1 billion to $19.6 billion.
As CRV continues to test crucial price levels, technical signals and platform fundamentals offer mixed signals for the weeks ahead.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
