Key Moments
- Bitcoin trades around $62,200 on Thursday, with sentiment stuck in “extreme fear” as the Crypto Fear and Greed Index remains at 15.
- Curve DAO (CRV) advances 8% and extends a six-day rebound, though it continues to trade below its 100- and 200-day EMAs.
- Monero (XMR) hovers near $340 after a 7% rise the previous day, but stays capped beneath a cluster of key moving averages.
Market Sentiment and Bitcoin Price Action
The wider digital asset market retains a risk-off tone on Thursday, with Bitcoin fluctuating above $62,000 at press time. The modest uptick in BTC has not altered the underlying mood, as the Crypto Fear and Greed Index published by CoinMarketCap stands at 15, firmly in the “extreme fear” zone. The index has remained below 20 throughout the week following Bitcoin’s brief move under $60,000 on Friday.
Bitcoin is changing hands near $62,200 on Thursday, reflecting a mildly bearish short-term setup as the price consolidates above the key $60,000 psychological level after a 14% decline last week. The 50-, 100-, and 200-day Exponential Moving Averages (EMAs) are positioned well above the current price, forming a layered resistance area. A previously rising trendline that was broken around $72,263.53 adds to this overhead supply zone.
Momentum indicators remain subdued. The Relative Strength Index (RSI) is at 27, staying in oversold territory, while both the Moving Average Convergence Divergence (MACD) and its signal line are below zero. This combination suggests that bearish forces are still in play despite oversold conditions.
On the downside, $60,000 is the key support level. A sustained break below this area would open the door to deeper losses. Holding above this threshold, however, could enable an oversold rebound toward higher resistance.
On the upside, initial resistance is located near the $65,000 round number, followed by the 50-day EMA around $71,650, and then the broken uptrend line close to $72,264.
Performance Snapshot
| Asset | Price / Level | Key Technical Levels | Momentum Indicators |
|---|---|---|---|
| Bitcoin (BTC) | ~$62,200 |
Support: $60,000 Resistance: $65,000, 50-day EMA ~$71,650, trendline ~$72,264 |
RSI: 27 (oversold) MACD: negative |
| Curve DAO (CRV) | – |
50% Fib: $0.2316 50-day EMA: $0.2227 100-day EMA: $0.2421 200-day EMA: $0.3045 |
RSI: ~57 MACD: bullish crossover |
| World Liberty Financial (WLFI) | – |
50-period EMA: $0.0575 100-period EMA: $0.0586 200-period EMA: ~$0.0618 Resistance zone: ~$0.0605 |
RSI: 61 MACD: above zero line |
| Monero (XMR) | ~$340 |
23.6% Fib: $355 50-day EMA: $361 100-day EMA: $367 200-day EMA: $367 Support: ~$276.56 |
RSI: ~47 MACD: negative, turning higher |
Curve DAO: Six-Day Recovery Faces Overhead Caps
Curve DAO is up 8% at the time of writing on Thursday, extending its recovery streak to a sixth consecutive session. Despite this advance, the broader trend remains constrained. The token is trading below both the 100-day EMA at $0.2421 and the 200-day EMA at $0.3045, although it is attempting to hold above the shorter-term 50-day EMA at $0.2227.
The RSI is hovering near 57, indicating firming buying interest, while a positive MACD crossover above its signal line points to improving bullish momentum.
On the upside, the first hurdle is the 50% Fibonacci retracement at $0.2316, calculated from the downswing between $0.2931 and $0.1700. Beyond that, the 100-day EMA at $0.2421 is the next resistance level.
On the downside, immediate support aligns with the 50-day EMA at $0.2227. Below that, the 38.2% Fibonacci level at $0.1990 represents an important medium-term floor should selling pressure reemerge.
World Liberty Financial: Consolidation Above Key Averages
World Liberty Financial maintains a neutral to slightly constructive setup as it trades above the 50- and 100-period EMAs at $0.0575 and $0.0586, respectively. This positioning signals emerging demand on dips.
Mildly positive momentum accompanies this structure. The MACD and its signal line have moved above the zero line, and the RSI at 61 remains comfortably above the midline.
Initial resistance is located near $0.0605 at the area where a descending trendline was broken. A more substantial barrier sits at the 200-period EMA around $0.0618, which WLFI would need to reclaim to support a more pronounced bullish phase.
On the downside, the 100-period EMA at $0.0586 serves as the first support, followed by the 50-period EMA close to $0.0575. A break below these levels would weaken the emerging positive bias and could pave the way for deeper retracements.
Monero: Rebound Tests Dense Overhead Resistance
Monero is trading around $340 at press time on Thursday after gaining 7% the previous day. Despite this bounce, XMR maintains a mildly bearish short-term profile, as it remains under the 50-day EMA at $361, as well as the 100-day EMA at $367 and the 200-day EMA at $367. Together, these averages form a tight overhead resistance band.
Momentum readings reflect this constrained setup. The RSI sits near a neutral-to-soft 47, and the MACD stays in negative territory. However, the MACD’s recent uptick suggests that downside pressure may be easing rather than definitively reversing.
On the topside, the first resistance level is the 23.6% Fibonacci retracement of the larger downswing at $355, followed by the 50-day EMA near $361.
On the downside, more meaningful structural support lies much lower, around the prior swing low near $276.56. With no nearer Fibonacci or moving average supports identified, a renewal of selling could see the price drift back toward that area if the current rebound fails beneath the EMA cluster.
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