CVX/USDT – DeFi Rocket Cools Off After +21% Surge!
CVX pumped hard to $2.834, up +21.54%, but is now cooling off at $2.624. The 5-min chart shows a clear downtrend after the high, with candles slipping below all key EMAs — a sign of short-term weakness despite the overall gain.
EMA Status:
EMA(7): $2.642
EMA(25): $2.675
EMA(99): $2.681
All EMAs are above the current price, confirming pressure and a likely retest of lower zones.
Trade Setup (Rebound Watch):
Support Zone: $2.55 – $2.60
Entry (If bullish reversal): $2.62 – $2.64
Stop-loss: $2.58
Targets:
1. $2.70 – reclaim EMA cluster
2. $2.75 – short-term resistance
3. $2.83 – 24h high
Bearish Continuation Risk:
Break below $2.60 could drag CVX to retest the $2.50–$2.45 demand zone.
Volume Check:
Still decent at 4.68M, showing there's interest — but bulls must reclaim $2.675+ for a proper bounce.