š **$CVX / $USDT ā Riding the DeFi Rebound!**
š¹ Price: ~$3.92 (+10.5% in 24h)
š¹ Volume: ~$54M in 24h
š¹ Technical Outlook:
⢠Daily/Weekly strongābuy from Investing.com (MA & indicator alignment)
⢠RSI ~59 (bullish), MACD +0.11 (buy)
⢠24h range: $3.57ā$4.04
š¹ Catalysts & Flows:
⢠7āday gain ~66%, outperforming broader market (+10%)
⢠Spot OI on Binance >$8M; futures OI ~$6.8M across platforms
⢠Convex utility continues: boosted CRV yields, Curve wars relevance
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šÆ Trade Setup:š
ā” Entry: $3.80ā$3.90
šÆ Target 1: $4.15 (near 24h high)
šÆ Target 2: $4.40ā$4.50 (extended rally)
ā StopāLoss: $3.60 (below 24h low)
š Why It Works:
Technical indicators are bullish across timeframes
Strong recent momentum (+66% weekly)
Rising volume & open interest support sustained move
Clear support/resistance zones for risk control
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