$CVX /USDT: #ConveXing Towards New Highs? Analyzing the Rebound! 🚀🚀🚀On the 1-hour chart, CVX/USDT has bounced back impressively from a 24h low of $3.801 to trade around $4.509 a +13.81% gain in the last day.
What the chart is telling us:
🔹Strong Reversal: A string of green candles shows buyers stepping in decisively after the dip.
🔹Resistance Cleared: CVX reclaimed key levels near $4.20–$4.30 and is now testing the 24h high of $4.528.
🔹Momentum Shift: Price action suggests a clear flip from bearish to bullish on this timeframe.
🔹Volume Confirmation: This kind of bounce usually comes with rising buy volume, underpinning the move.
Key levels to watch:
🏹 Upside Barrier: $4.528–$4.606—a clean break here could pave the way to $4.80+.
🛡 Support Zones: Prior resistance around $4.20–$4.30 may now hold as support on any pullback.
🌐 DeFi Pulse: Keep an eye on the broader DeFi sector for sector-wide tailwinds.