$CVX is picking up steam!
CVX (Convex Finance) just saw a strong bounce, climbing +8.6% today to trade at $2.33, after dipping as low as $2.11 in the last 24 hours. This move puts it comfortably back above its average level of $2.32, which could now act as support.
📈 What’s on the chart?
• On the 4H timeframe, CVX formed a solid local bottom around $2.11-$2.13, where buyers came in heavy.
• From there, it rallied sharply up to $2.41, hitting a key resistance zone before pulling back slightly to $2.33.
• This creates a nice higher-low structure compared to its earlier low, which signals the start of a possible short-term uptrend.
💸 Volume & liquidity:
• In the past day, about 741K CVX changed hands with around $1.7M USDT in volume.
• That’s a healthy sign, showing there’s real interest coming back into DeFi plays like Convex.
🔥 Why it matters:
• CVX is a major player in the DeFi yield optimization space, tied closely with Curve. When the DeFi narrative heats up, CVX usually moves first.
• Right now, broader DeFi coins have started to bounce, which could give CVX more room to run.
🧐 Levels to watch:
• Immediate resistance sits around $2.40-$2.45. A clean break there could open the door to $2.60+.
• On the downside, watch $2.25-$2.20 for support — bulls will want to defend this level to keep momentum alive.
💥 Bottom line:
CVX is looking stronger after weeks of slow bleed. If DeFi sentiment keeps improving, we could see CVX climb back toward its previous highs. Keep it on your radar — this could be the start of a bigger move.