$CVX is currently trading at 2.522 USDT, showing a neutral market structure with the RSI at 45.38.
The support level is at 2.402 USDT, with resistance forming near 2.6 USDT.
A breakout strategy could be viable if it surpasses the resistance, targeting higher gains.
However, traders should remain cautious of Bitcoin's movements and external macroeconomic events that may impact volatility.
