$CVX /USDT Weekly Price Forecast – Eyes on $5.70 Breakout
Convex Finance ($CVX) is currently trading around $4.94, showing solid bullish momentum after a strong rebound from the $4.00 support zone. The price is pressing against the key resistance near $5.00, a breakout above which could trigger a rally toward $5.35 and $5.70.
Technical indicators on the 4H and daily charts show strength, with moving averages turning upward and volume building. If bulls maintain control and $5.00 is cleared with conviction, the next leg could easily extend higher.
However, if $4.90 fails to hold, a pullback toward the $4.50–$4.80 region may unfold. Traders should monitor the volume around resistance closely and adjust risk levels accordingly.
This week’s range:
Bullish Target: $5.35 – $5.70
Neutral: $4.90 – $5.00
Bearish Risk: Below $4.80
