$CVX is on fire ๐ฅ
After grinding down to around $2, it's now exploded past $5.14 more than 2x in a blink.
That massive green candle tells you all you need to know: someone lit a fire under Convex.
This kind of move usually means:
Big buy volume came in likely whale activity or insider signal.
Momentum traders are jumping in.
Shorts just got destroyed.
Next key levels to watch:
Resistance near $5.50
Support now forming around $4.00โ$4.20
If this momentum holds, we could see continuation but after a pump like this, donโt rule out a sharp pullback either.
Convex Finance's native token is a DeFi powerhouse, optimizing yields for Curve & Frax LPs without locking tokens.
Stake $XCVX for boosted rewards & governance power.
Donโt sleep on this gem $CVX could be your ticket to DeFi riches.
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