📈 Analysis and forecast for $CVX on Binance: what's next? 📉
As of 12:57 EEST, July 10, 2025, the price of $CVX on Binance is $2.76, showing a strong increase of 9% over the past 24 hours. This rise reflects growing interest in Convex Finance, a DeFi protocol that enhances yield for staking CRV in the Curve ecosystem. Increased trading volume highlights community activity.
Technically, $CVX is in an upward trend. On the 4-hour chart, the 50-day SMA crossed above the 200-day SMA, signaling bullish momentum. The RSI (14) around 62 remains in neutral territory, indicating potential for growth without being overbought. Key resistance is at $2.90, a breakout of which could open the way to $3.10. Support is observed at $2.65, with further support at $2.50. Holding above $2.76 maintains the current momentum.
Forecast: in the coming days, CVX may test resistance at $2.90, with a chance to rise to $3.10 by mid-July 2025 if the hype continues. By the end of 2025, growth to $4.50–$5.00 is possible if the ecosystem continues to develop and TVL increases. The long-term outlook for 2030 is $10–$15+, assuming mass adoption and new partnerships. Risks include corrections due to volatility and competition with other DeFi protocols. Nevertheless, support from Binance and its role in 'Curve wars' adds optimism.
Outlook? A 9% increase and a price of $2.76 are close to resistance at $2.90. Buying at $2.65 with a target of $3.10 and a stop-loss at $2.50 may be justified. CVX stands out due to its integration with Curve and listing on Binance, attracting investors. Community activity highlights its speculative potential.
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