📈 Analysis and forecast for $CVX on Binance: further prospects? 📉
As of 10:52 EEST, July 7, 2025, the rate $CVX on Binance is $2.348, showing an increase of 8.3% over the last 24 hours. Increased trading volume and community interest underscore the growing popularity of Convex Finance as a key protocol in DeFi.
Technically, $CVX is in an upward trend. On the 4-hour chart, the 50-day SMA crossed the 200-day from below, signaling a bullish momentum. The RSI (14) around 65 indicates an approach to the overbought zone, requiring caution. Key resistance is at $2.40, a breakout of which could lead to $2.50. Support is located at $2.30, below which is $2.20. Holding above $2.348 supports the current rise.
Forecast: In the coming days, CVX may test resistance at $2.40, with a chance to rise to $2.50 by mid-July 2025 if interest is maintained. By the end of 2025, growth to $3.00–$3.50 is possible if the Curve ecosystem continues to develop and DeFi adoption increases. The long-term outlook for 2030 is $6.00+, assuming mass usage and partnerships. Risks include correction due to overbought conditions and market volatility. Based on current sentiments, the market shows optimism.
Outlook? A rise of 8.3% and a price of $2.348 are close to resistance at $2.40. Buying at $2.30 with a target of $2.50 and a stop-loss at $2.20 may be justified. CVX stands out due to its role in Curve liquidity management and support from Binance, attracting investors. Community activity highlights growth potential.
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