$CVX

usdt Technical analysis

Current price :$3.222

$CVX has been in a long-term downtrend with occasional relief bounces. It's currently hovering near a critical support zone, but struggling to reclaim upside momentum. A breakout is needed above resistance to confirm any bullish reversal

🔑 Key Levels

Support Zones:

$3.10 – $3.20 → Current support (last defense before deeper drop)

$2.90 → Strong historical support

$2.65 – $2.70 → Major support (multi-month bottom)

Resistance Zones:

$3.45 → Immediate resistance (needs to break for trend shift)

$3.70 → Trendline + recent rejection zone

$4.00 – $4.15 → Strong breakout zone (bullish above this)

Price compression: CVX is consolidating in a tight range — breakout likely soon.

No strong trend confirmation yet; needs a push above $3.45 with volume.

Risk of breakdown below $3.10 could open the way to $2.90 or lower.