While the $CVX weekly RSI (65.919) still has room, the daily RSI (85.169) is deep in overbought territory. This suggests that while the overall trend is undeniably bullish, a short-term cool-off, minor pullback, or consolidation phase would be healthy and expected.
CryptorInsight
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Both daily and weekly $CVX charts show a substantial surge in trading volume accompanying this price appreciation. This confirms the strength and conviction behind the buying pressure, validating the breakout.
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