- Токен мурунку сессияларда аюу аракеттерин көрсөткөн.
- The pair of CVX/USDT is trading at the price level of $5.675 with a decrease of -3.17% in the past 24 hours.
With strong bullish momentum, the CVX token has gained more than 100% in the past few weeks. Convex’s ecosystem is powered by the native cryptocurrency CVX token. These tokens are issued in proportion to the number of CRV tokens claimed on the Convex platform by Curve’s liquidity providers.
CVX token on the daily chart
The token has faced strong resistance at the confluence level of 200 EMA and supply zone on the daily time. As we can see on the daily chart, CVX token was trading at $5.675 with a loss of -3.17% in the past 24 hours. The token has crossed and sustained above the 50 EMA and is trading between its key Moving Averages which are 50 EMA and 200 EMA. (Red line is 50 EMA and the blue line is 200 EMA). It remains to be seen if the token can bounce off the $5.497 support level.
Салыштырмалуу күч индекси: The RSI curve of the asset is currently trading at 50.79 just above the halfway mark of the 50 point line. The recent decrease in the token price has led the RSI curve’s value to decline. The RSI curve has crossed the 14 SMA downward indicating the token is bearish. If the bulls are not able to hold the $5.497 support level and the token slips below this level then the RSI curve will fall even further.
Аналитиктин көз карашы жана күтүүлөр
After facing rejection from the 200 EMA and the supply zone the token is heading to find support at the $5.497 level. Investors should hold their buys and wait for the token to bounce off the support level buy to get more clarity on the direction of the trend. Whereas, intraday traders have a good opportunity to go short if the token falls below the supply zone and book the profits as per their risk to reward ratios.
According to our current Convex Finance (CVX) баа prediction, the token’s value will climb by 42.92% to $ 8.14 by the next few days. Our technical indicators indicate that the current sentiment is bearish, with the Fear & Greed Index reading 50. (Neutral). Over the previous 30 days, Convex Finance had 21/30 (70%) green days and 14.84% price volatility.
Техникалык деңгээлдер
Негизги колдоо: $ 5.947 & күнүмдүк диаграммада 50 EMA.
Негизги каршылык: $6.755 & күнүмдүк диаграммада 200 EMA.
жыйынтыктоо
The token is heading to find support at the $5.497 level and is forming a bearish chart pattern as per the price action. Investors should wait for a clear indication before acting.
Disclaimer: Автордун же бул макалада аты аталган адамдардын көз карашы жана пикирлери маалыматтык идеялар үчүн гана болуп саналат жана алар финансылык, инвестициялык же башка кеңештерди түзбөйт. Крипто активдерин инвестициялоо же соодалоо каржылык жоготуу коркунучу менен коштолот.
Source: https://www.thecoinrepublic.com/2023/02/12/cvx-price-analysis-can-the-token-bounce-off-the-support-level/