The $CVX /USDT trading pair on Binance has shown a notable upward movement, with the current price at 4.123 USDT, reflecting an 8.36% gain in the past 24 hours. This positive momentum brings the token close to its 24-hour high of 4.158 USDT, suggesting strong bullish sentiment among traders. With the price also significantly above the 24-hour low of 3.743 USDT, the market appears to be recovering or entering an accumulation phase. The trading volume—555,416.14 CVX against 2.21 million USDT—demonstrates healthy liquidity and active participation from buyers and sellers alike, which supports the recent price movement.
From a technical standpoint, the current price is above all key moving averages: MA(7) at 4.098, MA(25) at 3.930, and MA(99) at 4.044. This alignment indicates a bullish trend across short-, medium-, and long-term outlooks. Notably, the price staying above the MA(99) confirms growing strength in the asset’s broader trend. The volume-based moving averages, with MA(5) at 21,308 and MA(10) at 34,381, show steady trading activity, though a slight decline in short-term volume may suggest a brief consolidation phase. Overall, CVX is showing signs of strength, and if it can break and hold above 4.158, it could pave the way for further upside movement.
